aA
Ellex Valiunas advised the global payment cards giant Visa indirectly acquiring 100 % of shares of UAB Earthport Payment Services, a payment institution licensed in Lithuania. Having assessed the provided documents and other information, the Bank of Lithuania did not oppose the acquisition, reports Ellex Valiunas.
Visa acquired Lithuanian Earthport Payment Services
© Reuters/Scanpix

Visa is a global leader in the payment card sector, and Visa Inc. is a listed company traded on the New York Stock Exchange.

The sole shareholder of UAB Earthport Payment Services is Earthport PLC, a United Kingdom based payment institution. The company was recognized as one of the Fintech Power 50 companies in October 2018. Visa and Mastercard bided for the acquisition of this company.

Ellex Valiunas team advised Visa on all acquisition of payment institution issues, prepared a notice of intention to acquire shares of payment institution and represented the company in the Bank of Lithuania.

DELFI EN
It is forbidden to copy the text of this publication without a written permission from DELFI.
|Populiariausi straipsniai ir video

Tax revenue 15 percent short of target in March

The Lithuanian central government's tax revenue fell around 15 percent short of the target in March,...

Avia Solutions Group bought Bluebird Nordic

On the 24th of January 2020, Avia Solutions Group signed an agreement with BB Holding EHF for the...

GetJet Airlines set to lay off 370 employees

Lithuania's wet-lease and charter services provider GetJet Airlines has given lay-off notices to 370...

Avalanche of ideas developed in 'Hack the Crisis' hackathon

One of the most important tasks for hackathon organizers was to identify the most pressing issues,...

Lithuania and some other EU countries ask for Mobility Package postponement

Lithuania and "like-minded" EU member states are urging the bloc's bodies to postpone the...

Top news

"Take my kids": children from social risk families, elderly suffer from quarantine

Children from social risk families and elderly people have become even more vulnerable during the...

Scientists: coronavirus may claim around 200 lives in Lithuania

The novel coronavirus may claim around 200 lives in Lithuania and the strain on hospitals is likely...

696 confirmed COVID-19 cases in Lithuania

On Friday, 3rd April, there were 696 confirmed novel coronavirus cases in Lithuania.

276 medics are isolation in Lithuania

There are over 270 medics in coronavirus isolation in Lithuania, the country's government said on...

Two flights from Minsk to Vilnius to take place on upcoming weekend

Two flights from Minsk to Vilnius will take place under exceptional conditions over the upcoming...

|Maža didelių žinių kaina