Worldline SA and Ingenico Group SA announce today that their respective Boards of Directors have unanimously approved a business combination agreement pursuant to which Worldline would launch a tender offer for all Ingenico shares, consisting of a 81% share and 19% cash transaction, as of last closing prices, as well as outstanding OCEANEs.
This transaction would combine two premier companies to create the world’s number four player in payment services with circa 20,000 employees in approximately 50 countries with physical presence. Upon closing, the new combined group would offer best-in-class payment services to nearly 1 million merchants and 1,200 financial institutions.
This combination in the payment ecosystem will create a new global powerhouse in Merchant Services, with a very broad coverage of the payment value chain, from issuing to merchant acquiring, and a highly complementary geographical footprint with global reach and extensive online payment / omnichannel capabilities.
Latham & Watkins is advising Worldline on antitrust matters with a team led by Paris partner Jacques-Philippe Gunther with counsel Mathilde Saltiel and associates Wenceslas Chelini, Laure Maes, and Chloé Spyratos.