French payments firm Worldline SA (WLN.PA) on Monday said it had completed the sale of its Mobility & e-Transactional Services business to Magellan Partners Group for an enterprise value of 400 million euros.
Net cash proceeds from the deal are roughly 280 million euros, falling within the previously indicated range of 250 million to 300 million euros.
According to the company, the gap between enterprise value and net proceeds reflects separation costs, pension costs, other debt-like items, capital gains tax and about 40 million euros of cash held by the unit.
Worldline said the divestment was part of its North Star 2030 plan to refocus on core payments activities in Europe.
Combined net cash proceeds from all announced disposals are estimated between 590 million and 640 million euros, with funds expected in 2026.
The company will continue to provide technology and software services to Magellan during the transition period.
On the Paris Stock Exchange, shares of Worldline were losing 5.77 percent, changing hands at 0.3381 euro.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.