The French lender has been talking about purchasing Worldline (OTCPK:WWLNF) shares as it shares have plummeted in recent weeks, according to a Bloomberg report on Friday, which cited people familiar with the situation. The shares had dropped 60% this year before today.
The report comes after Worldline (OTCPK:WWLNF) shares plunged almost 60% on Oct. 25 as the company cut its sales outlook. Last Friday, there was a Betaville “uncooked alert” that indicated the payments company may have attracted takeover interest. One of Europe’s biggest private equity firms is speculated to be circling Worldline.
Separately, Reuters reported on Friday that Worldine (OTCPK:WWLNF) is evaluating options including asset sales. The company is likely to target its mobility division for assets sales, which is home to digital payment solutions for ticketing services.