News

All company news »

Related Companies

ABN Amro equensWorldline SE

Channels

Payments Retail banking

Keywords

Mergers and acquisitions

Contributed | what does this mean?

This content is contributed or sourced from third parties but has been subject to Finextra editorial review.

ABN Amro to sell its remaining seven percent stake in equensWorldline to Worldline

Source: ABN Amro

In 2016 Equens merged into equensWorldline. Following this transaction ABN AMRO retained a 7% interest.

Today Worldline announced they will exercise their call option and acquire the remaining shares from ABN AMRO and other minority shareholders. This represents the final step of the transaction initiated in 2016.

The transaction is subject to regulatory approval in the Netherlands and is expected to be closed in the fourth quarter. ABN AMRO expects to realize a modest book gain as a result of the transaction.