Exclusive: Worldline $9.2 billion Ingenico deal may need EU concessions – sources


By Foo Yun Chee
BRUSSELS (Reuters) – French payments company Worldline’s <WLN.PA> 7.8 billion euro ($9.23 billion) bid for Ingenico <INGC.PA> may require concessions to gain European Union antitrust regulator approval, people familiar with the matter said on Monday.
The acquisition by Worldline, which was born out of French IT company Atos <ATOS.PA>, is emblematic of a wave of mergers and acquisitions that U.S. rivals kicked off last year as they try to build up their share of digital transactions.
If Worldline is not able to allay EU concerns and in the absence of concessions, the deal would face a full-scale investigation following the end of the EU’s preliminary review.
Worldline has until Wednesday to offer concessions to the European Commission, unless it can convince the EU competition enforcer prior to that deadline that …

Read More on Datafloq
Credit: Source link