Worldline to acquire an 80% stake in the merchant acquiring business of Eurobank for $289m.

Worldline, a payment and transactional services company, agreed to acquire an 80% stake in the merchant acquiring business of Eurobank, a financial organisation, for $289m. “I am very proud to announce the acquisition of Eurobank Merchant Acquiring. This operation is fully in line with our strategy to further expand our Merchant Services activities towards the South of Europe and at the same time allows us to leverage our footprint in Greece that was established earlier this year through the acquisition of Cardlink. The combination of both companies will create a meaningful, comprehensive and leading position in the fast-growing Greek market that is driven by a steady ongoing adoption of electronic payments," Gilles Grapinet, Worldline CEO.