mBank to earn €63 mln on Visa merger

Polish commercial lender mBank will receive €46.5 million (PLN 206.6 million) in cash and €16.5 million (PLN 73.2 million) in Visa Inc. shares in exchange for its stake in Visa Europe, the bank informed in a market filing. The transaction will be concluded in Q2. Additionally, mBank will receive its 0.358 percent of the €1.12 billion deferred payment pool to…

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