Credit Agricole has purchased a minority stake of 7% in Worldline.
This investment builds on the strategic partnership between the Crédit Agricole Group and Worldline, for which the signing of a binding agreement was announced in July 2023. The aim is to strengthen this collaboration to create a leading player in the French services market of commercial payments.
In addition to the strategic partnership, this transaction demonstrates Credit Agricole Group’s intention to support the development and implementation of Worldline’s strategy as a key payment services provider in Europe.
The preparatory work for the creation of the announced joint venture between the Crédit Agricole Group and Worldline is proceeding according to the announced schedule, with the operational start expected in 2024, as soon as the usual regulatory approvals have been obtained.
Crédit Agricole aims to remain a long-term minority shareholder, fully committed alongside Worldline.
The transaction is expected to have an impact of less than 10 basis points on Crédit Agricole SA’s CET1 ratio