Servired becomes a public company to adapt to new regulations

Servired becomes a public company to adapt to new regulations

The General Meeting of Servired, the leading Spanish system of credit and debit cards, approved last week become a limited company. So far functioned as civil society, a legal form that prevents the sale of shares. The company's president, José Manuel Gabeiras, argued yesterday that the legal change is essential to participate in the Single Payment Area in the EU, the European Commission wants to be operational by 2011.

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