Two private equity firms won an auction with Danish pension fund ATP and are now in exclusive talks to buy Nets, which handles around one-third of all Nordic card transactions, according to Finextra.
The acquisition would be the second time Advent and Bain have teamed to buy a major European payment processor. In 2010, the firms paid 2 billion pounds for an 80 percent stake in WorldPay, which the Royal Bank of Scotland was forced to sell under EU bail-out conditions.
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Finextra based its report on Reuters, which in turn cited sources.
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