About This Deal

Euronet Worldwide acquired Piraeus Bank Merchant Acquiring business for €317.8 million (~$350.6 million), a transaction announced in March 2022.

Acquired the merchant acquiring business of Greece's largest bank (~205,000 POS terminals at 170,000 merchants) alongside a long-term strategic partnership, making Euronet the bank's exclusive merchant-acquiring partner.

Acquired the merchant acquiring business of Greece's largest bank (~205,000 POS terminals at 170,000 merchants) alongside a long-term strategic partnership, making Euronet the bank's exclusive merchant-acquiring partner.

Deal Terms

Acquirer
Euronet Worldwide
Target
Piraeus Bank Merchant Acquiring business
Value
€317.8 million (~$350.6 million)
Date
March 2022
Type
Full acquisition
Status
Completed

Transaction Details

Announced
March 15, 2022

In Their Words

The purchase price was €317.8 million, or approximately $350.6 million, which includes $331 million cash paid at closing.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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