RBS Sells WorldPay Stake To Bain, Advent International

RBS has announced that it has sold its 20 percent stake in WorldPay, a global payments business, to a consortium of Advent International and Bain Capital, according to a November 27 press release.

The company stated that it expects to receive £160 pounds, or roughly $260 million dollars, at the conclusion of the sale. RBS is currently awaiting regulatory approval for the deal, which may be complete before the end of the year.

To learn more about RBS’ sale of WorldPay, read the full press release here.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

Click to comment

TRENDING RIGHT NOW