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Worldline has begun \u201cexclusive\u201d discussions with Cuscal on a proposed sale of its payment\u2019s operations in New Zealand, with the deal valued at about \u20ac17m on an enterprise basis.<\/p>\n
The New Zealand business handles roughly 70% of in-store payments in the country and works with all four major acquirers as well as around 40 issuers, the company said in a statement.<\/p>\n
The unit has operated separately from its main European business.<\/p>\n
The proposed disposal is part of the group\u2019s plan to concentrate on payments activities in Europe, while simplifying operations and reallocating resources.<\/p>\n
Worldline put the expected enterprise value of the transaction at around \u20ac17m.<\/p>\n
It said the part of the business under sale is estimated to account for about \u20ac35m in revenue and about \u20ac12m in adjusted EBITDA, with only a limited effect on free cash flow.<\/p>\n
The company also said net cash proceeds from previously announced disposals such as MeTS, Worldline North America<\/a>, Cetrel, PaymentIQ<\/a>, Worldline India<\/a> and Worldline New Zealand are expected to total \u20ac560m to \u20ac610m and should be received in 2026.<\/p>\n According to Worldline, the transaction is expected to complete in the second quarter of 2026.<\/p>\n Citigroup was sole financial adviser to Worldline SA, while Russell McVeagh served as international legal counsel.<\/p>\n Worldline put the expected enterprise value of the transaction at around \u20ac17m. Credit: Worldline.<\/p>\n “Worldline enters talks with Cuscal over New Zealand unit sale” was originally created and published by Electronic Payments International<\/a>, a GlobalData owned brand.<\/p>\n \u00a0<\/p>\n
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