Visa sees Visa Europe option now costing more than $10 billion

By Reuters

Nov 22, 2014 10:06 PM EST

Visa Inc (V.N), the world's largest credit and debit card company, said it might have to pay more than $10 billion to buy its London-based European licensee, Visa Europe Ltd, if its owners exercise their option to sell it.

Visa might issue debt or equity, or need third-party financing, to fund the purchase of Visa Europe, it said in an annual filing with regulators.

Visa Europe is owned and operated by more than 3,700 European financial institutions.

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