WORLDLINE SA : Strategic partnership between Worldline and SIX consolidating European payments
Worldline to acquire SIX Payment Services
SIX to become a 27% shareholder of Worldline, with Atos retaining a majority stake of 51% in Worldline
Major strategic transformation for Worldline materially strengthening its European leadership position with:
c. +30% Group revenue increase;
c. +65% increase in merchant services business attaining over € 1 billion annual revenue
New n°1 payment market positions in Switzerland, Austria, Luxembourg and a major reinforcement in Germany
Transaction mostly paid in shares with a cash component of € 0.28 billion valuing SIX Payment Services at an enterprise value of € 2.30 billion (CHF 2.75 billion)
-Strong value creation expected: c. € 110 million run-rate combination synergies by 2022, with c. 50% delivered by 2020
Notwithstanding the very strong share component in the consideration mix, the transaction is expected to be accretive to EPS as of 2019
Closing expected end of Q4 2018, consolidation as of January 1, 2019
Bezons, May 15, 2018 – Worldline, [Euronext: WLN] European leader in the payments and transactional services industry and SIX, announce today that they have signed an agreement to enter into a strategic partnership where Worldline would acquire SIX Payment Services, the payment services division of SIX, for a consideration of € 2,303 million (CHF 2,750 million).
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Source: Worldline SA
Globe Newswire
May 15, 2018 01:01 ET
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