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Atlanta-based Global Payments closes $75M acquisition of Zao

April 30th, 2009

ATLANTA – Global Payments Inc. (NYSE:GPN) has closed on its $75 million acquisition of Russian firm ZAO United Card Service.

Global Payments CEO and Chairman Paul R. Garcia said, “Russia continues to be one of the worlds’ fastest growing payments markets. UCS provides us with a direct merchant acquiring platform for long-term growth in Russia and a foundation for other direct acquiring opportunities in Central and Eastern Europe.”

 

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