Worldline Acquires Additional 20% Stake in Greek Subsidiary from Eurobank for 72 Million Euros
Worldline announced on Tuesday the acquisition of an additional 20% stake in its Greek joint venture, Worldline Greece, jointly held with Eurobank. The transaction, amounting to 72 million euros, grants the European payment services leader full control of its Greek subsidiary.
A Predictable Acquisition Option, Funded by Cash Reserves
Worldline has committed to acquiring the remaining 20% stake from Eurobank, the Greek bank, for 72 million euros. This transaction was stipulated in the agreement signed between the two partners in 2022 and fully aligns with the planned schedule. The operation was financed by the group's available cash reserves, without the need for external financing. Worldline now owns 100% of Worldline Greece. This consolidation meets the simplification objectives set by the North Star 2030 transformation plan, aiming to focus the group's resources on its main European payment markets.
Maintaining a Strategic Commercial Partnership with Eurobank
Although Worldline now fully owns its Greek subsidiary, the group intends to maintain a lasting commercial collaboration with Eurobank. The Greek bank will continue to serve as a key distribution channel for payment products and services aimed at both physical and online merchants. Worldline reaffirms its commitment to supporting the development of the Greek market, which it describes as one of the most dynamic in its portfolio. The previous partnership between the two entities has generated significant growth and added value for local merchants.
Financial Impact Framed within 2026 Projections
Worldline has indicated that this transaction has been included in its projections for the net debt/EBITDA ratio for 2026. The group expects this ratio to remain below 2 times by the end of 2026.
