Market Chatter: Visa's Acquisition of Prosa Rejected by Mexican Regulator

MT Newswires Live02-21

Visa's (V) acquisition of Prosa, a payment processing company in Mexico, has been blocked by Mexico's National Antitrust Commission or CNA, Bloomberg reported Friday, citing the regulator's statement.

Mexican regulators rejected Visa's Dec. 2023 bid to acquire a 51% stake in the payment processor Prosa, after the CNA said that existing market conditions stifled effective competition, the report said.

Visa didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 321.38, Change: +2.44, Percent Change: +0.77

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