What is the relationship between Visa Inc and Visa Europe in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

Under a long-standing agreement between them, Visa Europe has a put option which would oblige Visa Inc to acquire it at a price calculated by a detailed formula.

Answer: subsidiary