MasterCard shareholders OK new ownership structure

MasterCard shareholders OK new ownership structure

NEW YORK – MasterCard Inc. on Monday said more than 90 per cent of shareholder votes were cast in favour of the company’s new ownership and governance structure, paving the way for the company’s initial public offering.

Purchase-based Mastercard plans to raise about US$2,45 billion (N$15,9 billion) in an IPO early next year, broadening its ownership beyond the current 1 400 financial institutions. The new structure also includes the formation of a charitable foundation, the MasterCard Foundation, which will hold 10 per cent of the company’s shares.- Nampa-APThe new structure also includes the formation of a charitable foundation, the MasterCard Foundation, which will hold 10 per cent of the company’s shares.- Nampa-AP

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