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Global Payments Completes Acquisition of Remaining Interest in Asia-Pacific Joint Venture
ATLANTA, Dec. 10, 2012 /PRNewswire/ -- Global Payments Inc. (NYSE: GPN), a leading, worldwide provider of electronic transaction processing solutions, announced today that it has completed the acquisition of the remaining 44% interest in its merchant services joint venture in Asia-Pacific from The Hongkong and Shanghai Banking Corporation Limited ("HSBC").
(Logo: http://photos.prnewswire.com/prnh/20010221/ATW031LOGO )
In 2006, Global Payments and HSBC formed a joint venture, Global Payments Asia Pacific Limited, to provide payment processing services to merchants in Asia-Pacific, in which Global Payments' ownership was 56%. Under the terms of today's agreement, Global Payments will pay HSBC a total of US$242 million. Global Payments will continue to be HSBC's preferred strategic partner for card acquiring services in Asia-Pacific, covering 11 markets.
The positive effect of this acquisition is included in the company's existing fiscal 2013 outlook.
About Global Payments
Global Payments Inc. (NYSE:GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit http://www.globalpaymentsinc.com for more information about the company and its services.
Investor
contact: investor.relations@globalpay.com Media contact: media.relations@globalpay.com
Jane
Elliott Kay Sharpton Amy Corn
770-829-8234 770-829-8870 770-829-8755
SOURCE Global Payments Inc.
Photo:http://photos.prnewswire.com/prnh/20010221/ATW031LOGO
http://photoarchive.ap.org/
Global Payments Inc.
Web Site: http://www.globalpaymentsinc.com
Global Payments Completes Acquisition of Remaining Interest in Asia-Pacific Joint Venture
ATLANTA, Dec. 10, 2012 /PRNewswire/ -- Global Payments Inc. (NYSE: GPN), a leading, worldwide provider of electronic transaction processing solutions, announced today that it has completed the acquisition of the remaining 44% interest in its merchant services joint venture in Asia-Pacific from The Hongkong and Shanghai Banking Corporation Limited ("HSBC").
(Logo: http://photos.prnewswire.com/prnh/20010221/ATW031LOGO )
In 2006, Global Payments and HSBC formed a joint venture, Global Payments Asia Pacific Limited, to provide payment processing services to merchants in Asia-Pacific, in which Global Payments' ownership was 56%. Under the terms of today's agreement, Global Payments will pay HSBC a total of US$242 million. Global Payments will continue to be HSBC's preferred strategic partner for card acquiring services in Asia-Pacific, covering 11 markets.
The positive effect of this acquisition is included in the company's existing fiscal 2013 outlook.
About Global Payments
Global Payments Inc. (NYSE:GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit http://www.globalpaymentsinc.com for more information about the company and its services.
Investor
contact: investor.relations@globalpay.com Media contact: media.relations@globalpay.com
Jane
Elliott Kay Sharpton Amy Corn
770-829-8234 770-829-8870 770-829-8755
SOURCE Global Payments Inc.
Photo:http://photos.prnewswire.com/prnh/20010221/ATW031LOGO
http://photoarchive.ap.org/
Global Payments Inc.
Web Site: http://www.globalpaymentsinc.com