ANZ buys out Worldline to take full control of merchant payments business
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The news: ANZ has entered into a binding agreement to acquire French payments giant Worldline SA’s 51% stake in their joint venture ANZ Worldline for $89 million.
The deal, which is expected to close in the second half of 2026, will bring its merchant-acquiring business back in-house.
The context: ANZ said that the acquisition aligns with the ANZ 2030 strategy to strengthen direct customer relationships and customer’s needs.
The transaction is valued at an enterprise value of $89 million, with an estimated implied equity value of around $30 million. ANZ expects the completion of the transaction to have an approximately 6 basis points impact on its level 2 Common Equity Tier 1 (CET1) ratio.
The bank further noted that there will be no changes to existing ANZ Wordline operations upon completion.
What they said: “This acquisition will allow us to strengthen our direct relationship with our customers and better meet our customer’s needs, as we continue to focus on providing our small business customers, right up to our largest institutional customers, with a compelling merchant proposition,” ANZ managing director for transaction banking and institutional Lisa Vasic said.
The source: ASX
