Worldline, which specializes in the processing of electronic payments, is in exclusive talks with the American investment fund Apollo about the sale of its payment terminal activities.
The deal values those activities at 2.3 billion euros. The French group has announced this.
It concerns the TSS (Terminals, Solutions and Services) branch. Worldline acquired it in 2020 with the acquisition of competitor Ingenico and has been wanting to get rid of it for some time.
Apollo has now made a binding offer to acquire TSS in its entirety. According to Worldline, the fund is prepared to come up with a sum of 1.7 billion euros and preference shares up to 0.9 billion euros, depending on the future performance of TSS.
Worldline hopes to finalize the agreement in the second half of this year.