Connect with us

Investing

JPMorgan mulling stake in Greek firm Viva Wallet -media

JPMorgan mulling stake in Greek firm Viva Wallet -media 1

ATHENS (Reuters) – U.S. bank JPMorgan Chase is considering acquiring a 47% stake in Greek payments company Viva Wallet, Greek media reported on Monday without identifying their sources.

Cloud-based Viva Wallet provides card acceptance services through its POS application, add-on Google play devices and advanced payment systems in online stores. It operates in 23 countries across Europe.

According to the ot.gr news website, the value of the deal is estimated at 700 million euros ($792 million).

The Kathimerini newspaper reported that the two sides are expected to sign the deal on Monday following months of negotiation.

Viva Wallet and JPMorgan were not immediately available for comment.

The Greek prime minister’s chief economic adviser, Alexis Patelis, said on Twitter on Sunday that two significant acquisitions by U.S. companies would take place this week, dubbing these “a vote of confidence in Greece and a forerunner of investments”.

($1 = 0.8840 euros)

(Reporting by Angeliki Koutantou and Renee Maltezou; editing by Jason Neely)

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Advertisement

Newsletters with Secrets & Analysis. Subscribe Now