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European banks set for windfall from imminent Visa Europe deal -sources

LONDON, Oct 16 (Reuters) - Europe's banks are in line to share billions of euros from a buyout of Visa Europe by its U.S. sister company Visa Inc., which is expected to be sealed in the next two weeks, sources said.

Credit card company Visa is in talks to buy Visa Europe, and proceeds would then be shared by more than 3,000 banks and payment firms who own the network.

Sources familiar with the matter said the deal was close to being agreed, with one saying it is earmarked for Oct. 23 or...


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