- A transformational deal for Worldline, providing the enlarged Worldline Group a highly comprehensive pan-European footprint, with leading positions and offerings in key geographies (France, Belgium, the Netherlands, Germany, Italy, the Nordics).
- A transaction structured in two components:
- An asset/share deal in Financial Processing, by merging the processing activities of the two companies in Europe to create “Equens Worldline Company”, to be owned 63.6% by Worldline and 36.4% by the current Equens shareholders;
- A deal in cash in Commercial Acquiring, where Worldline will acquire 100% of PaySquare from Equens for € 72 million.
- Transaction expected to be accretive to EPS as soon as 2018, thanks to a minimum c. € 40 million of run-rate synergies expected in 2018, half of which in 2017.
- Closing expected in the course of Q2 2016.