World Fuel Services Corporation Completes Sale of Multi Service Payment Solutions Business
(WorldNews Environment)

World Fuel Services Corporation Completes Sale of Multi Service Payment Solutions Business September 30, 2020 MIAMI--(BUSINESSWIRE)--Sep. 30, 2020-- World Fuel Services Corporation (NYSE: INT) today announced that it has completed the previously announced sale of its Multi Service payment solutions business to Corsair Capital, a New York based private equity firm specializing in business and financial services. World Fuel Services received gross cash proceeds at closing of approximately $300 million and will receive an additional deferred payment of $75 million at a later date, of which $50 million is conditioned on Multi Service`s achievement of certain financial targets through 2022....