Visa Argentina, a payment processor owned by a group of banks including Banco Santander Rio SA (RIO.BA), is for sale and could fetch more than $500 million, sources familiar with the situation said. Morgan Stanley (MS.N) is advising on the auction, which is still in the early stages, the sources said. Private equity firms, including General Atlantic, Advent International and Apollo Global Management (APO.N), may be among the likely bidders, the sources said. Visa Argentina, which traces its roots back to the 1970s and is owned by several Visa-issuing banks, is one of the largest payment processors in the country and competes with KKR's (KKR.N) First Data.
Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 6.83% or $-1.03/share to $14.06. In the past year, the shares have traded as low as $15.15 and as high as $31.04. On average, 26998400 shares of MS exchange hands on a given day and today's volume is recorded at 15309393.
Apollo Global Management, LLC (Apollo) is a global alternative asset manager. Shares of APO fell by 0.88% or $-0.09/share to $10.16. In the past year, the shares have traded as low as $12.01 and as high as $19.00. On average, 281068 shares of APO exchange hands on a given day and today's volume is recorded at 23700.
Shares of KKR fell by 0.75% or $-0.08/share to $10.52. In the past year, the shares have traded as low as $9.77 and as high as $19.16. On average, 2245040 shares of KKR exchange hands on a given day and today's volume is recorded at 440049.
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