Welcome to our dedicated page for Nuvei news (Ticker: NVEI), a resource for investors and traders seeking the latest updates and insights on Nuvei stock.
Nuvei provides global payments infrastructure for merchants that need digital and in-person acceptance, payout options, card issuing, banking, risk management, and fraud management through a modular platform. Company news commonly covers merchant and technology partnerships, including virtual card payments for travel suppliers, enterprise omnichannel commerce, subscription payments, and European online retail expansion.
Updates also address Nuvei's payment-network capabilities, such as clearing and settlement infrastructure, authorization optimization, PINless debit, least-cost routing, tokenized checkout, and alternative payment method connectivity. Regulatory and product news includes its EU MiCAR Crypto-Asset Service Provider license, which supports regulated crypto-asset services within its broader payments and settlement infrastructure.
Nuvei announced the filing of a Management Proxy Circular and received an interim order for a go-private transaction involving Advent International. Shareholders will receive $34.00 per share, a 56% premium on the last trading day before media reports of the transaction. The Board recommends shareholders vote for the arrangement at a special meeting on June 18, 2024. The interim order authorizes the meeting and other related matters. The arrangement must be approved by a detailed voting process. Full details are available on SEDAR and EDGAR.
Nuvei reported its financial results for the first quarter of 2024, showing significant growth in total volume, revenue, and adjusted EBITDA. The company also announced a cash dividend and a proposed transaction to be taken private by Advent International. Revenue increased across all geographies, and the company plans to delist from stock exchanges after the transaction.
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