BN004390 01 de julho de 2009 22:27 HORALOCAL
SAN FRANCISCO, July 1 /PRNewswire/ -- Visa Inc. (NYSE: V)
announced that Visa International, its wholly-owned subsidiary, sold
136,478,372 shares of Companhia Brasileira de Meios de Pagamento
("VisaNet do Brasil"), in connection with VisaNet do Brasil's June
IPO. Visa's proceeds from the sale, net of underwriter discounts and
fees, are approximately US$1 billion based on current exchange rates.
Of the $1 billion in proceeds, the Company will retain about half
after applicable taxes. Visa will record a GAAP gain from the sale in
the quarter ended June 30, 2009, net of tax, of approximately $235
million. The gain reflects Visa International's recorded book value
of $535 million, which is comprised of a cash investment of $18
million made in April 2008 and $517 million recorded through GAAP
purchase accounting treatment as part of Visa's reorganization in
October 2007.
The VisaNet do Brasil shares have been offered in the United States
to qualified institutional buyers pursuant to Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act"), and
outside the United States pursuant to Regulation S under the
Securities Act. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of, the VisaNet do Brasil shares in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. The VisaNet do Brasil shares have not been and will not
be registered under the Securities Act and may not be offered or sold
in the United States absent registration or an applicable exemption
from registration requirements. Any public offering of VisaNet do
Brasil shares to be made in the United States will be made by means
of a prospectus which may be obtained from VisaNet do Brasil or a
selling shareholder and which will contain detailed information about
VisaNet do Brasil and management, as well as financial statements.
About Visa: Visa operates the world's largest retail electronic
payments network providing processing services and payment product
platforms. This includes consumer credit, debit, prepaid and
commercial payments, which are offered under the Visa, Visa Electron,
Interlink and PLUS brands. Visa enjoys unsurpassed acceptance around
the world and Visa/PLUS is one of the world's largest global ATM
networks, offering cash access in local currency in more than 170
countries. For more information, visit www.corporate.visa.com
Forward Looking Statements
Certain statements contained in this press release are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, which are subject to the "safe
harbor" created by those sections. These statements can be identified
by the terms "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "plan," "potential," "predict,"
"project," "should," "will" and similar expressions which are
intended to identify forward-looking statements. In addition, any
underlying assumptions are forward-looking statements.
By their nature, forward-looking statements: (i) speak only as of the
date they are made, (ii) are not guarantees of future performance or
results and (iii) are subject to risks, uncertainties and assumptions
that are difficult to predict or quantify. Therefore, actual results
could differ materially and adversely from those forward-looking
statements as a result of a variety of factors, including all the
risks discussed in Part 1, Item 1A - "Risk Factors" in our Annual
Report on Form 10-K for the fiscal year ended September 30, 2008 and
any subsequent Quarterly Report on Form 10-Q. You are cautioned not
to place undue reliance on such statements, which speak only as of the
date of presentation. Unless required to do so under U.S. federal
securities laws or other applicable laws, we do not intend to update
or revise any forward-looking statements.
Contacts:
Investor Relations
Visa Inc.
Tel: +1 415 932 2213
E-mail: ir@visa.com
Will Valentine, Media Relations
Visa Inc.
Tel: +1 415 932 2564
E-mail: globalmedia@visa.com
SOURCE Visa Inc.
07/01/2009
CONTACT: Investor Relations, Visa Inc., +1-415-932-2213,
ir@visa.com, or Will Valentine, Media Relations, Visa Inc.,
+1-415-932-2564, globalmedia@visa.com
BNED:NG
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BRASIL-NÉLIA GARCIA
TELS:USA:1-201-360-6540/BRASIL:55-21-2132-8461
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PALAVRA-CHAVE:RJ
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