The French payments firm Worldline is to buy Six Payment Services for a sum of $2.75 billion. According to Worldline, the purchase will involve a share issue along with a cash component €0.28 billion ($333.59 million).
An article on Reuters on 15 May 2018 reported that the deal will, “give Six Payment Services an enterprise value of €2.3 billion (USD 2.75 billion)” and will result in Six holding a 27% share in Worldline. The majority stakeholder remains Atos (Atos.pa), which holds 51%. Six will also have two seats on Worldline’s board.
Six said its payment services unit “is the market leader in Switzerland, Austria and Luxembourg,” reported Reuters.
The takeover is expected to take place in Q4 2018.