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MA MasterCard Incorporated

449.37
5.79 (1.31%)
After Hours
Last Updated: 22:34:27
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
  5.79 1.31% 449.37 450.4999 445.56 447.23 2,535,492 22:34:27

Royal Bank of Scotland to Book GBP150 Million Gain From VocaLink Stake Sale

21/07/2016 1:57pm

Dow Jones News


MasterCard (NYSE:MA)
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By Ian Walker

 

LONDON--Royal Bank of Scotland Group PLC (RBS.LN) said Thursday it will book a 150 million pound ($197.82 million) pretax gain in its accounts following Mastercard Inc.'s (MA) acquisition of VocaLink Holdings Ltd.

The bank, which is 73% owned by the U.K. government, said it will book the gain upon completion of the deal. It owns a 21.4% shareholding in VocaLink.

Earlier Thursday Mastercard said it was buying 92.4% of VocaLink for $920 million. The remaining 7.6% is owned by existing shareholders.

The deal is subject to regulatory and other approvals.

 

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

 

(END) Dow Jones Newswires

July 21, 2016 08:42 ET (12:42 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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