Report

Ingenico : # Update of our recommendations following the announcement of Worldline's public offer on Ingenico

Worldline and Ingenico announced on Monday that their respective Boards of Directors have approved a combination agreement under which Worldline would launch a mixed (equity and cash) public offer for Ingenico shares and OCEANE bonds. At the current spot price of Worldline, the offer values Ingenico at EUR 8.2bn in equity and EUR 9.5bn in enterprise value. - Worldline expects a pro forma net debt/EBITDA ratio of approximately 2.5x at the end of 2020, which would be reduced to appro...
Underlyings
Ingenico Group SA

Ingenico Group is a business technology company, operating in 125 countries. Co. designs, develops and supplies payment terminals, offering mercantile payment solutions, cross-border and global payment services and certified global service platform. Co.'s services are done around Payment terminals and software; Terminal estate management, security application updates; Connectivity ensuring the terminal-to-bank host connection; Full after-sales service taking charge of every phase in the lifecycle of terminals and software; 24/7, from installation, maintenance & repair to upgrades; Centralization of transactions; End-to-end security - from terminal to bank or processor..

Worldline SA

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).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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