Magyar Telecom B.V. Announces Agreement to Sell the Invitel Group to the China-CEE Fund
LONDON–(BUSINESS WIRE)–Magyar Telecom B.V. (“Matel B.V.”) announced today it has agreed the sale (“Proposed Sale”) of its holdings in the Invitel Group to the China CEE Investment Co-operation Fund, advised by CEE Equity Partners. The Proposed Sale, approved unanimously by Matel B.V.’s Board of Directors, is subject to shareholder and Hungarian competition authority approval. The […]
Invitel welcomes new CFO
Ákos Balogh was appointed Chief Financial Officer for Hungarian telco Invitel, taking effect May 1, according to a press release issued today. Read Article
Nets welcomes $5.3 bln takeover bid by Hellman & Friedman
COPENHAGEN (Reuters) – Payments firm Nets on Monday welcomed a 33.1 billion Danish crown ($5.3 billion) bid from U.S. firm Hellman & Friedman, marking what could be one of the largest European private equity takeovers in recent years. Nets said in July it had been approached by potential buyers as the payments industry sees a […]
Nets’ IPO pricing values Danish payments business at up to $4.8 billion
COPENHAGEN (Reuters) – Denmark-based card payment services company Nets set an indicative price range for its planned initial public offering (IPO) that values the business at up to $4.8 billion, nearly double the sum paid by two U.S. equity firms in 2014. Scandinavia’s largest payments processor said on Tuesday that it expects to price the […]
Hungarian instant payments project progressing as planned
In July 2019, the instant payment system of Hungary is planned to go live – changing the way Hungarians make payments. The implementation of the instant payment system is a big step not only for GIRO, but for the entire Hungarian financial system, as well as merchants and customers The new payment system will have […]
Nets and Bankart are ready to go live with an instant payment solution in Slovenia
Slovenian Central bank gives final approval for the instant payment solution of Nets and Bankart, which enables bank transactions to be cleared in less than a second. [fusion_button link=”https://www.nets.eu/Media-and-press/news/Pages/Bankart-and-Nets-ready-to-deliver-on-the-European-vision-of-making-Instant-payments-the-new-normal.aspx” text_transform=”” title=”” target=”_blank” link_attributes=”” alignment=”” modal=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” color=”default” button_gradient_top_color=”” button_gradient_bottom_color=”” button_gradient_top_color_hover=”” button_gradient_bottom_color_hover=”” accent_color=”” accent_hover_color=”” type=”” bevel_color=”” border_width=”” size=”” stretch=”default” shape=”” icon=”” icon_position=”left” icon_divider=”no” animation_type=”” […]
ECB chief says instant payments could break Visa/Mastercard duopoly
The European Central Bank is considering instant payment rails to link up national card schemes as a means to break the duopoly of Visa and Mastercard. National card schemes are already the most significant schemes in Denmark and Germany for example, with over 70% share of all card transactions. [fusion_button link=”https://www.finextra.com/newsarticle/33339/ecb-chief-says-instant-payments-could-break-visamastercard-duopoly” text_transform=”” title=”” target=”_blank” link_attributes=”” […]
Euronet Worldwide Acquires XE, the World’s Trusted Currency Authority
LEAWOOD, Kan., July 06, 2015 (GLOBE NEWSWIRE) — Euronet Worldwide, Inc. (NASDAQ:EEFT), a leading electronic payments provider, today announced it has acquired XE, a global leader in digital foreign exchange information. XE has established itself as the world’s leading provider of currency related data, fulfilling more than 2.9 billion annual requests. XE’s XE.com and x-rates.com websites draw more than […]
Sandoz set to inject 7m euros into Mureş drug plants
Sandoz pharmaceutical company, which owns two production facilities in Târgu Mureş, will invest 7m euros in its Romanian plants next year, after this year’s investment budget amounted to 10m RON (2.3m euros). “We’re making further investments despite the recession to achieve a strong position when the crisis fades away. Read Article
Producatorul farma Sandoz si-a recrutat CFO-ul de la Philip Morris
Compania farmaceutica Sandoz, care detine doua facilitati de productie pe piata locala la Targu Mures, l-a numit la inceputul lunii aprilie pe Akos Balogh in functia de CFO (director financiar). Anterior pozitia a fost ocupata de Marian Danes. “Inainte de Sandoz, am lucrat in cadrul Philip Morris, unde am detinut functia de business development manager […]