Worldline Divests Its New Zealand Operations for €17M, Continues European Focus
Worldline announces entering exclusive negotiations to sell its New Zealand payment operations to Cuscal for an enterprise value of approximately €17 million. This divestiture is part of the European group's strategy to refocus on its payment activities in Europe.
Exclusive Negotiations for the Sale of New Zealand Payment Operations
Worldline is divesting its payment operations in New Zealand to Cuscal as part of exclusive negotiations initiated on April 14, 2026. The business unit involved handles about 70% of all in-store transactions in the country and serves the four major acquirers as well as around forty issuers. This division was managed independently from Worldline's European operations. The enterprise value of the transaction is estimated at approximately €17 million.
Financial Impact of the Divestiture
The deconsolidation of this perimeter is expected to generate an impact on the group's revenue of approximately €35 million and on the adjusted EBITDA of about €12 million. The impact on free cash flow (FCF) is limited. The combined net proceeds from all announced divestitures (MeTS, Worldline North America, Cetrel, PaymentIQ, Worldline India, and Worldline New Zealand) are estimated between €560 and €610 million, with receipt expected in 2026.
Transaction Closure Scheduled for Q2 2026
The transaction closure is expected in the second quarter of 2026. Citigroup has been appointed as the exclusive financial advisor and Russell McVeagh as the international legal counsel for Worldline SA. This divestiture marks a new step in executing the strategy to refocus the group on its payment activities in Europe, streamline its operations, and optimize resource allocation.
