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Gilles Grapinet, Worldline’s Chairman and Chief Executive Officer, commented on the deal: “I am proud to announce that today is a great day for Worldline and […] "Shares of Worldline sank 3% Monday, while Ingenico rose over 11%.The deal comes as legacy payment processors face increased competition from a multitude of new financial technology rivals which are snatching merchants with their digital payment platforms.Companies like America's Stripe, India's Paytm and Britain's Checkout.com have managed to hit eyewatering multi-billion dollar valuations thanks to the flood of venture capital gravitating toward the space.

That's thanks in no small part to the rise of e-commerce and the smartphone as a means of payment.Amid that threat of fintech rivalry heating up, older payments players have been under pressure to consolidate to cut back on costs and bolster their digital offerings. The combined business will generate over $5 billion of revenue, across hundreds of billions of dollars in transactional volume, and millions of …
The Commission can either clear the deal with or without conditions or it can open a four-month long investigation if it has serious concerns. Payments company Worldline has confirmed a deal for the acquisition of Ingenico Group.

On February 3 rd, 2020, French payment giant Worldline has announced that it had reached an agreement to acquire Ingenico for €7.8bn in cash and shares, in a deal that would create the fourth largest player in payments services worldwide, with €5.3bn in proforma revenues and servicing almost 1 million customers. Friday, August 21, 2020 Based on research and some visionary insights from an international team of experts across Worldline's global business lines, this paper shows how the pandemic is accelerating existing trends in business and technology and creating a "new normal" for all businesses.

Two European giants in the payments space are set to combine to create the industry's fourth-largest player.The combined company would create the fourth biggest payments firm in the world, Worldline said, with projected 2019 net revenues of 5.3 billion euros and operating margins of 1.2 billion euros. EU antitrust regulators will decide by Sept. 16 whether to clear French payments company Worldline’s 7.8-billion-euro ($9.23 billion) buy of rival Ingenico to create a European leader, Worldline, born out of French IT company Atos, sought European Commission approval for the deal on Aug 12, according to a filing on the EU competition enforcer’s website. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.A customer makes a contactless payment with a bank card on an Ingenico payment terminal.Large payment companies under pressure amid rise of e-commerce, expert says EU Sets New Deadline For $9.2B Worldline, Ingenico Deal Decision

Worldline expects the deal to create cost savings of 250 million euros over the next four years.Under a primary tender offer, Ingenico shareholders are to receive 11 shares of Worldline and 160.5 euros in cash in exchange for seven Ingenico shares. Bezons, July 30, 2020 – On July 29, 2020, the Autorité des Marchés Financiers (AMF) announced that the tender offer for Ingenico’s shares and OCEANEs will open on July 30, 2020 and that its closing date will be set after receipt of supporting evidence of the European Commission’s merger control clearance, it being specified that Worldline reserves the right to waive this condition (it is also … "Got a confidential news tip?

We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. Worldline to acquire Ingenico. There will be no public offering of such securities in the United States, nor will any action be taken to register or qualify the securities mentioned herein for sale to the public under the laws of any other Restricted Jurisdiction. Payments services provider Worldline has announced that it will acquire Ingenico, a multi-channel payments platform for commerce. Data is a real-time snapshot *Data is delayed at least 15 minutes. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.If you disable this cookie, we will not be able to save your preferences. In parallel, Worldline, Ingenico, Deutscher SparkassenVerlag GmbH and S-Payment GmbH (“ DSV ”) entered into a memorandum of understanding (the “ Payone JV MoU ”) … "We see advanced consolidation in the market with lots of value being created.
The deal looks set to give Worldline what it called the “most extensive geographical footprint providing a strong commercial advantage to … The payments sector has seen a wave of consolidation in recent months as companies seek a foothold in digital transactions, prompted in part by the growing use of smartphone-based online payments like Apple’s Apple Pay and WeChat.This website uses cookies to provide you with the best browsing experience.This website uses cookies so that we can provide you with the best user experience possible.

EU antitrust regulators will decide by Sept. 16 whether to clear French payments company Worldline’s 7.8-billion-euro ($9.23 billion) buy of rival Ingenico to create a European leader, reported Reuters. The deal combines two premier companies to create a heightened operation within the global payments sector. Worldline and Ingenico are payments infrastructure. There would also be a secondary offer that gives Ingenico investors 56 Worldline shares for 29 Ingenico shares, translating into an offer price of 123.10 per Ingenico share based on Friday's market close.Worldline CEO Gilles Grapinet will lead the combined company as CEO while Ingenico Chairman Bernard Bourigeaud is expected to be appointed non-executive chairman.Grapinet said the deal, which is expected to close in the third quarter of 2020, would help create a "world-class leader" in Europe's digital payments sector, calling it a "landmark transaction for the industrial consolidation of European payments.