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SIX and Worldline, two European leaders in the payments and transactional services industry, announce that they have signed a binding agreement to enter into a strategic partnership where SIX will receive 27% of Worldline. The total consideration of 2,303 million euros (CHF 2,750 million) consists of 49,1 million newly issued Worldline shares and a cash consideration of CHF 338 million (€ 283 million), subject to customary net debt and working capital adjustments.
In November of last year, SIX as part of its strategic redirection announced that the cards business (merchant acceptance acquiring and international card processing) will be carved-out with the aim to enter a strategic partnership. The European payments industry is consolidating, and large players with...
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