The American financial services provider, Fiserv buys the payment processor First Data for $ 22 billion. The two companies announced this Wednesday.
Fiserv will then have to 57.5 percent of the shares. The investment company Kohlberg Kravis Roberts, which is now involved in First Data, a further 16 per cent of the shares. The company will continue to be led by former Fiserv CEO Jeffery Yabuki. First Data CEO Frank Bisignano will be the Executive Board responsible for the operating activities.
the transaction will be Completed in the second half of the year. The companies expect savings in the amount of $ 900 million over five years. Achieved to be about the removal of duplication of structures and a generally higher efficiency.
in Addition, $ 500 million in the next five years will be invested. On the stock exchange, the mood was, therefore, in the case of shareholders of First Data Cheers – in which the value of the shares rose by 17 percent to 20,55 dollars. In contrast, the papers of Fiserv lost 5.4 percent to $ 71.