EVERTEC Agrees to Acquire Chilean Payments and Technology Company, BBR SpA

EVERTEC Agrees to Acquire Chilean Payments and Technology Company, BBR SpA

SAN JUAN, Puerto Rico–(Business enterprise WIRE)–EVERTEC, Inc. (NYSE: EVTC) (“Evertec” or the “Company”) right now introduced that it entered into a share acquire agreement to purchase 100{ed906f1bfc743ab77ee5075e027942f1cda4f21ffa4bfb00196296b172ab00c6} of the excellent shares of BBR SpA (“BBR”) a Santiago, Chile primarily based payment solutions and business enterprise know-how firm with operations in Peru. The aggregate obtain rate for the shares is CLP 48,600 million, about USD$60 million at recent trade premiums and is topic to customary changes.

Mac Schuessler, Evertec’s President and Main Executive Officer said, “The acquisition of BBR enhances our present technologies and item portfolio in Chile and opens the Peruvian market for Evertec. With this acquisition, we continue growing our footprint and solidifying our position as a top Latin American payment processing company.”

The transaction is subject matter to customary closing circumstances, such as receipt of US federal lender regulatory acceptance, which is dependent on elements outdoors the control of Evertec. There is no assurance of when or if these types of approval will be obtained.

About Evertec

EVERTEC, Inc. (NYSE: EVTC) is a primary entire-support transaction processing small business in Puerto Rico, the Caribbean and Latin The united states, offering a wide selection of service provider obtaining, payment providers and business procedure management providers. Evertec owns and operates the ATH® network, just one of the main personalized identification amount (“PIN”) debit networks in Latin America. In addition, the Corporation manages a process of electronic payment networks and delivers a complete suite of expert services for core banking, income processing and achievement in Puerto Rico, that system somewhere around 3 billion transactions each year. The Enterprise also gives technological know-how outsourcing in all the locations it serves. Based mostly in Puerto Rico, the Organization operates in 26 Latin American nations and serves a diversified shopper foundation of foremost economic institutions, merchants, corporations and governing administration organizations with “mission-critical” technologies answers. For far more facts, pay a visit to www.evertecinc.com.