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
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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.
SectorServices financiers›Services de traitement des transactions
Context
Period
Period: 3T 2025
Guidance from the release
Le chiffre d'affaires du troisième trimestre a été conforme à nos attentes... Nous confirmons donc nos prévisions pour 2025.
T3 conforme aux attentes avec -0,8 % organique ; resserrement de la guidance 2025 (baisse organique 1-4 %) ; EBE ajusté attendu 830-855m€ ; processus de cessions en cours (Mobilité & Services Web Transactionnels, activités nord-américaines) ; revues externes du portefeuille HBR et du cadre de conformité finalisées.
Risks mentioned
Baisse organique du chiffre d'affaires (guidance 2025 -1 % à -4 %)
Opérationnalisation inégale du cadre de conformité FCC au sein des entités
Portefeuille de commerçants à haut risque nécessitant surveillance continue
Hausse des coûts de financement impactant le cash-flow
Opportunities identified
Cessions d'actifs stratégiques (valorisation Mobilité 400m€ +10m€ conditionnels ; Nord-Amérique 70m€) pour simplifier le périmètre
Montée en puissance du nouveau management et simplification organisationnelle
Croissance des solutions SoftPOS et terminaux de nouvelle génération
Partenariats stratégiques (Yeepay, Outpayce) et contrats clients majeurs (RDG, Garanti Bank, grands groupes hôteliers)
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