UPDATE 1-First Data to buy Polcard processor for $325 mln

(Reuters) - Founded in 1990, Polcard operates the largest network of electronic card acceptance services in Poland, including more than 58,000 terminals and 1,700 automated teller machines.

Polcard had revenue of $44 million last year, and processes about 170 million transactions annually at its local authorization and clearing center. The company is owned by private equity firm Innova Capital and by GTECH, a unit of Italian gaming company Lottomatica SpA .


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