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Nuvei Gets Regulatory Green Light to Go Private

  • Canadian payments firm Nuvei Corporation has received regulatory approvals to go private.
  • The company will be acquired by Neon Maple Purchaser Inc., in collaboration with Nuvei CEO Philip Fayer, Novacap Management Inc., and CDPQ.
  • The transaction is valued at approximately US$6.3 billion and is expected to close on or around 15 November 2024.
  • Shareholders approved the buyout, and key stakeholders will retain significant equity in the privatised company.

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