WLN (Neutral, TP: EUR8.5, +12%) Worldline - Bid interest from PE reported; upside scenarios explored
Reuters is reporting interest in Worldline from PE (HERE). Let's see what comes of it (there was noise around Nexi earlier in the year which didn't materialise) but we wouldn't be so surprised as we highlighted HERE given the heavily depressed valuation and potential cost cutting upside.Worldline is a financial transaction processing company based in France. Co's operations are organized along three segments covering payments and digital services: Merchant Services & Terminals (facilitating consumer engagement around end-to-end e-payment transactional services on any device – before, during and after the point of sale); eMobility and eTransactional Services (assists businesses and governments in developing new digital services enabling strategic digital transformation); and Financial Processing & Software Licensing (provides processing services to banks and financial institutions for managing card-based and online cashless payments).
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