Payments terminal provider Worldline ready to sell key business for €2.3bn

The French company has confirmed talks with investment fund Apollo Global Management Inc.


French company Worldline SA intends to sell its payment terminals business to investment fund Apollo Global Management Inc.


Apollo is reportedly offering to pay €1.7bn for the business outright and make an additional payment of up to €900m in its own preference shares if certain financial targets are met. According to Oldypak LP report, the total deal is valued at €2.3bn.


Worldline launched a strategic review of its business strategy in October 2020 to focus on the higher-margin cloud payment services segment. The company was considering selling its terminal business and Apollo was mentioned as one of the bidders for the purchase.


Worldline is the largest provider of payment terminals in Europe and the second-largest in the US market, behind only VeriFone Inc, according to a 2019 Nilson Report-based study.


According to Oldypak LP report, Worldline shares are down 0.8% in trading in Paris. The company’s capitalisation rose 4.3 per cent to €12.37bn in the last month.

Leave a Comment