RBS to sell remaining stake in WorldPay

Monday 2 December 2013 09:49 CET | News

Financial services provider Royal Bank of Scotland (RBS) has sold its remaining stake of about 20% in global provider of payment and risk services WorldPay to the payment processing companys majority shareholders, private equity companies Advent International and Bain Capital.

RBS, which is majority owned by the British government, would record a profit of GBP 160 million (USD 259 million) on the disposal in its 2013 results.

The British bank sold its majority stake in WorldPay to the two US-based private equity companies for 3 billion pounds in 2010 as part of an EU-mandated asset sale after its state bailout in 2008.

WorldPay has more than 200 national and international payment methods and operates in over 40 countries worldwide.

For more information about WorldPay, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.

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Keywords: RBS, WorldPay, stake, Advent International, Bain Capital
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce