Visa, a US-based credit and debit card issuer, is in talks on buying back its former subsidiary Visa Europe.
In its recent earnings announcement for the third quarter of 2015, Visa said "it believes there is compelling logic for both Visa Inc. and Visa Europe to consummate a business combination and therefore regularly engages in such discussions and is currently in such discussions with Visa Europe."
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The company aims to conclude the discussions by October, though there is no assurance of a deal as of yet.
Visa and its European business have been part of a global bank-owned network until 2007 before splitting ahead of the US business listing on the New York Stock Exchange.
The group’s European subsidiary is currently owned by member banks.
Visa has call options to take over Visa Europe shares, whereas Visa Europe’s members have a put option to sell their shares to Visa.
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