Apollo fund set to buy Worldline payment terminals, according to WSJ











Photo credit © Reuters


PARIS (Reuters) – The Apollo fund is close to a deal to acquire Worldline’s payment terminal business for $2.3 billion (2.02 billion euros), the Wall Street Journal reported on Friday (WSJ). ), citing sources familiar with the matter.

The fund thus intends to capitalize on the growth of digital payments, which has accelerated with the COVID-19 pandemic, specifies the newspaper.

Contacted by Reuters, a Worldline spokeswoman declined to comment.

On the Paris Stock Exchange, Worldline shares, which were trading around 43 euros in the morning, climbed to more than 47 euros after the information from the WSJ. It gained 7.95% to 46.7 euros at 1:04 p.m., signing the largest increase in the SBF 120, which fell 1.2% at the same time.

Worldline, a former subsidiary of Atos, is 10.69% owned by the Swiss group SIX Group and 4.39% by Bpifrance, according to data from the company’s website at the end of December.

(Written by Blandine Hénault, edited by Sophie Louet)










click here for restrictions
©2022 Reuters
Reuters



Source link -87