Nets Holding €230 million acquisition of Nordea Merchant Holding

Overview:

• Nets Holding has acquired Nordea Bank's merchant acquiring business in the Nordic and Baltic region for €230 million.
• Nordea's merchant acquiring business is the bank's payment business dealing with acquiring of international payment cards. The service allows corporate customers to accept card payments at point-of-sale and online.
• Nets is a Nordic-based provider of payments, cards and information services.
• Nordea had sold its stake in Nets in 2014 to Advent International, ATP and Bain Capital.

Wai Yee Tsang - Journalist