French payments company Worldline has entered exclusive talks to sell its TSS terminals business to U.S. firm Apollo Funds in a deal potentially worth around $2.6bn, lifting Worldline’s shares.
The deal would comprise a €1.7bn upfront consideration as well as preferred shares that could reach up to €0.9bn in value depending on how TSS does in future.
Worldline, which bought French rival Ingenico in 2020 in a €7.8bn deal, said the sale of TSS to Apollo would help cut its debt and simplify its corporate structure.
Read more: Reuters
