Worldline to Paris stock exchange on 27 June

Worldline to Paris stock exchange on 27 June

Worldline, an electronic payment specialist and the administrator of the Belgian Bancontact network, will be on the Paris stock exchange from 27 June. French Atos's subsidiary is valued at 2 to 2.4 billion euro.

610 million euro 

Worldline will become part of Euronext in Paris from 27 June. "The initial IPO will be worth 610 million euro, with 255 million euro in new shares and some 355 million euro in existing shares", according to a press release. The price range has been placed at "16.4 to 20 euro per share", which would mean Worldline's total stock value would be some 2 to 2.4 billion euro.

 

Atos will still control 70 % of Wordline after the IPO and the French parent company wants to invest the IPO funds to expand several branches, like "cloud computing".

 

1.1 billion euro turnover

Worldline, active in 17 countries with 7,200 employees, managed a 1.14 billion euro turnover last year, nearly 5 % better than the year before that, while it managed a 118.5 million euro net profit. The first quarter of 2014 resulted in 265 million euro in sales (+ 1 %), representing 13 % of Atos's total turnover.

 

Some 1,000 people work for the Belgian part of the "e-payment services provider, ever since Atos Origin acquired Banksys and Bank Card Company in 2006 from a group of Belgian banks.

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