Worldline's tender offer for Ingenico clearance from the European Commission
Worldline's tender offer for Ingenico: clearance from the European Commission
Bezons and Paris, September 30th, 2020
Worldline and Ingenico announce that they have received today the merger control clearance from the European Commission for the planned acquisition of Ingenico.
This clearance is accompanied by Worldline's commitment to complete divestments limited to a few merchant acquiring portfolios of Ingenico in Austria and in Belgium and of Worldline in Luxembourg, representing annual revenue of approximately € 25 million.
These divestment commitments, limited to the few markets in which the combined group would have benefited, according to the European Commission, from a very important position, reflect the high complementarity of the two groups and are consistent with preliminary estimates.
As a result of the receipt of this decision, which constitutes the last expected approval of the transaction, the French Financial Markets Authority (Autorité des marchés financiers - AMF) will announce the closing date of the tender offer for Ingenico securities.
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Worldline [Euronext: WLN] is the European leader in the payment and transactional services industry. With innovation at the core of its DNA, Worldline’s core offerings include Pan-European and domestic Commercial Acquiring for physical or online businesses, secured payment transaction processing for banks and financial institutions, as well as transactional services in e-Ticketing and for local and central public agencies. Thanks to a presence in 30+ countries, Worldline is the payment partner of choice for merchants, banks, public transport operators, government agencies and industrial companies, delivering cutting-edge digital services. Worldline’s activities are organized around three axes: Merchant Services, Financial Services including equensWorldline and Mobility & e-Transactional Services. Worldline employs circa 12,000 people worldwide, with 2019 revenue of circa 2.4 billion euros. worldline.com