(Reuters) - NEW YORK, March 30 - First Data Corp. , one of the world's largest credit card payment processors, said it will buy Polcard SA, the largest payment processor in Poland, for $325 million in cash to expand in central and eastern Europe.
Polcard is being sold by Providence, Rhode Island-based GTECH Corp., which has a 74.43 percent stake, and Innova Capital, a Warsaw private equity firm with a 25.24 percent stake. The Polish Bank Association will retain its roughly 0.3 percent stake. GTECH is a unit of Italian gaming company Lottomatica SpA .
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