Rhea-AI Summary
EVO Payments, Inc. (NASDAQ: EVOP) has announced a strategic marketing alliance with the National Bank of Greece (NBG) to enhance merchant acquiring and payment processing services. EVO will acquire a 51% stake in a new joint venture formed from NBG's merchant acquiring business for €158 million (approximately $180 million). This partnership capitalizes on Greece's growing digital payments market, with card penetration at 28% and domestic payment volumes exceeding $40 billion. The joint venture aims for mid-teen revenue growth and is expected to close in 2022, pending regulatory approvals.
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FAQ
What is the current stock price of National Bk Greece (NBGRY)?
National Bk Greece (NBGRY) last closed at $18.84.
What is the market cap of National Bk Greece (NBGRY)?
The market cap of National Bk Greece (NBGRY) is approximately $17.0B.