Nuvei Corp (TSE:NVEI) has released an update.
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Nuvei Corp, a Canadian fintech company, has reported a mixed financial performance for the second quarter of 2024, with a 22% increase in total volume and a 13% rise in revenue, alongside a 54% drop in net income compared to the previous year. The company also announced a significant step towards privatization with an agreement for an all-cash transaction at a premium of approximately 56%, valued at $6.3 billion, led by private equity firm Advent International. Additionally, Nuvei declared a cash dividend of $0.10 per share, to be paid in September 2024.
For further insights into TSE:NVEI stock, check out TipRanks’ Stock Analysis page.
