Elavon to sell Mexico operations to Santander in $86M deal

//Elavon to sell Mexico operations to Santander in $86M deal

Elavon to sell Mexico operations to Santander in $86M deal

Elavon has signed a purchase agreement to sell its Mexico operations to Santander. The Atlanta-based global merchant acquirer is a subsidiary of U.S. Bancorp (NYSE: USB). Madrid-based Santander Group said it would acquire all shares in merchant payment services company Elavon Mexico for approximately $86 million (MXN 1,600 million). The company will be 49% owned by Santander Mexico and 51% by Santander Merchant Platform Systems, which belongs to Santander Group, it said. The transaction is expected…

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By | 2020-02-26T12:19:02+00:00 February 26th, 2020|Economics|

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