Visa Europe to reduce its 5.3% Monitise stake

Wednesday 8 July 2015 | 16:15 CET | News
Mobile money company Monitise has been notified by Visa Europe that it will reduce its shareholding "over time". Visa Europe holds 115.75 million Monitise shares, or 5.3 percent of issued share capital. Monitise and Visa Europe will continue to work together on a number of projects and services under a three-year agreement that runs until March 2016. The parties said would assess on an ongoing basis opportunities to work together in future. The time frame for the divestment was not disclosed.

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Categories: Mobile & Wireless
Companies: Monitise / Visa
Countries: Europe / World
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