Catella to gain as Visa Inc purchases Visa Europe

Catella Group could earn €15m in cash through payments due its subsidiary Catella Bank SA from the proposed acquisition by Visa Inc. of Visa Europe.

The proposed acquisition is subject to regulatory approval, but if cleared would see Catella earn out in three ways: upfront cash, preferred stock in Visa Inc. and a potential earn-out.

Besides cash worth about €15m, Catella estimates its membership of Visa Europe would see it obtain preferred stock in Visa Inc. worth about €5m. The precise amount is yet to be determined by allocation calculations, exchange rates and the value of the preferred stock. The upfront cash could be paid as early as the second quarter of 2016. The earn-out, if confirmed, could amount to €2-€5m, and would be paid out in 2020.


Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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