Worldline Buys 80% of Italian Payments Business Axepta
01 Julho 2021 - 3:32AM
Dow Jones News
By Pietro Lombardi
French fintech company Worldline has reached an agreement to buy
80% of BNP Paribas SA's Italian payments business Axepta Italy, in
a deal that gives the unit an enterprise value of 220 million euros
($260.9 million)
The deal will give Worldline the opportunity to expand in the
attractive Italian payments market, where growth opportunities are
significant given the big role cash still plays.
The French company said Thursday that it expects to pay around
EUR180 million for the stake, with Italian bank BNL--part of BNP
Paribas--keeping a 20% stake in Axepta.
Worldline expects the deal to add annual revenue of about EUR50
million once completed.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
July 01, 2021 02:24 ET (06:24 GMT)
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