Cardtronics Takes Majority Stake In NCR Nigeria

NCR (Nigeria) Plc has announced a change in its majority shareholding structure following the transfer of 66.7 million shares from NCR Voyix Corporation to Cardtronics Inc., as part of a global corporate reorganisation by its parent company.

In a notification to the Nigerian Exchange Limited (NGX) signed by the Company Secretary, Bernice Anya of Alsec Nominees Limited, and seen by NEWSNGR, the Board of NCR Nigeria disclosed that the share transfer was approved at its meeting held on October 22, 2025.

The board noted that NCR Voyix, formerly known as NCR Corporation, completed the transfer of 66,705,456 ordinary shares it previously held in the company to Cardtronics Inc.

According to the statement, the transfer forms part of an internal restructuring following the spin-off of NCR Voyix’s global ATM business into a newly created entity, NCR Atleos Corporation (Atleos).

Under the new structure, Cardtronics, which holds NCR Voyix’s interest in the ATM operations, has become a subsidiary of Atleos and now manages those interests on its behalf.

The company clarified that despite the transfer of shares, there has been no change in control of NCR Nigeria, as the controlling interest remains within entities ultimately owned by a similar institutional investor base.

This means the ownership realignment is purely an internal restructuring within the global NCR corporate group.

“The board wishes to notify the public of this change,” the statement added, emphasising that the transaction does not affect NCR Nigeria’s operational independence or governance structure.

NCR (Nigeria) Plc, a technology and payment solutions provider, continues to operate as part of the global NCR network, serving banks, retailers, and businesses with innovative digital transaction infrastructure.

The latest development follows the separation of NCR Corporation into two independent companies, NCR Voyix, focusing on digital commerce and software solutions, and NCR Atleos, dedicated to self-service banking and ATM operations, each listed on the New York Stock Exchange earlier this year.