A British court ruling on the J.P. Morgan and Viva Wallet dispute has both sides claiming victory. While Viva Wallet’s majority shareholders believe the ruling prevents J.P. Morgan from taking over without their consent, J.P. Morgan sees it as affirming their stance on the company’s valuation and their investment. The ongoing legal battle continues with several other lawsuits pending.
Tag: J.P. Morgan
Greece has completed the re-privatisation of its banking sector by selling a 10% stake in the National Bank of Greece, raising €690 million to help reduce public debt. The sale, managed by the Hellenic Financial Stability Fund (HFSF), saw high investor interest, with oversubscription 12 times over. This marks the final stage of Greece’s effort to divest its stakes in major banks, signaling ongoing economic recovery after the financial crisis.
J.P. Morgan has entered into an agreement to acquire a 48.5% stake in Athens-based payments…