August 6, 2019 / 12:09 PM / a month ago

CORRECTED-Mastercard to buy part of payments company Nets for $3.19 bln

(Corrects headline to clarify Mastercard is acquiring part of Nets’ business, not the whole company)

Aug 6 (Reuters) - Payments processor Mastercard Inc on Tuesday said it would buy a majority of the corporate services businesses of European payments company Nets for about $3.19 billion.

The deal is expected to close in the first half of 2020, the company said in a statement. (Reporting by Bharath Manjesh in Bengaluru)

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