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Worldline Completes Divestment of Mobility & e-Transactional Services
Worldline, a leading European payment service provider, has finalized the divestment of its Mobility & e-Transactional Services to Magellan Partners Group for an enterprise value of €400M. The transaction aligns with Worldline's North Star 2030 strategic plan, focusing on core payment services in Europe. The net cash proceeds are approximately €280M, as expected.
Pierre-Antoine Vacheron, CEO of Worldline, noted the transaction's timely completion as crucial for focusing on their core expertise in payment services. The company aims to strengthen its partnership with merchants and financial institutions, navigating a complex regulatory and technological landscape.
Worldline will continue to support Magellan Partners with technology services during a transitional period. The divestment proceeds will enhance Worldline’s financial flexibility and strategic investments.
R. H.
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