US financial services provider Fidelity National Information Services (FIS) on Monday, July 8, won unconditional EU antitrust approval for its US$35 billion takeover of payments company Worldpay.
The deal was announced in March and is the biggest in the fast-growing electronics payments industry which has seen a wave of consolidation recently.
The European Commission stated it did not have any concerns regarding the takeover, confirming a Reuters report from on July 1.
FIS produces software for banks and asset managers as well as its financial services outsourcing business. Worldpay, spun off from Royal Bank of Scotland in 2010, is a major player in card payments.
Full Content: The New York Times
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