MONTREAL - Nuvei (TSX:NVEI) Corporation (NASDAQ: NVEI) (TSX: NVEI), a Canadian fintech company, has formed a special committee to explore strategic alternatives, including a potential going-private transaction. This move comes after the company received expressions of interest, prompting the committee's creation to evaluate these proposals.
The special committee, comprised of independent directors, is working with financial and legal advisors to assess the expressions of interest and other strategic options. Discussions with third parties are ongoing, with the possibility of Nuvei's founder, Phil Fayer, maintaining significant ownership in the event of a transaction.
Despite the ongoing talks, Nuvei has not entered into any definitive agreements and there is no certainty that these discussions will lead to a privatization or similar transaction. The special committee is continuing to evaluate the proposals and strategic alternatives, and no decisions have been made at this time.
Nuvei cautions that forward-looking statements within the press release are based on current expectations and are subject to risks and uncertainties that could materially affect actual outcomes. The company has made it clear that it will not provide further commentary on the matter unless required by securities laws and regulations.
Nuvei's technology supports businesses worldwide, offering payment processing, card issuing, and risk management services. The company operates in over 200 markets, with local acquiring in 50 markets and support for 150 currencies and 680 alternative payment methods.
The information in this article is based on a press release statement.
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