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MA MasterCard Incorporated

443.50
1.43 (0.32%)
Last Updated: 14:30:15
Delayed by 15 minutes
Share Name Share Symbol Market Type
MasterCard Incorporated NYSE:MA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.43 0.32% 443.50 444.655 442.84 443.00 63,791 14:30:15

EServGlobal Subscribes for Shares in JV To Keep 35% Stake

05/10/2015 2:40pm

Dow Jones News


MasterCard (NYSE:MA)
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LONDON-- Mobile financial services group eServGlobal Ltd. (ESV.AU) Monday said it has agreed to subscribe for shares in Homesend, a money transfer joint venture that includes Mastercard Inc. (MA), in order to maintain its 35% stake.

The company is required to pay 875,000 euros ($981,000) on October 14 and EUR2.625 million in April for the shares, out of a total capital raise of EUR10M by HomeSend.

Shares at 1309 GMT, up 3.2%, at 8 pence valuing the company at GBP21.3 million.

 

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

October 05, 2015 09:25 ET (13:25 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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