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EU Sets New Deadline For $9.2B Worldline, Ingenico Deal Decision

 |  August 13, 2020

EU antitrust regulators will decide by Sept. 16 whether to clear French payments company Worldline’s 7.8-billion-euro ($9.23 billion) buy of rival Ingenico to create a European leader, reported Reuters. 

Worldline, born out of French IT company Atos, sought European Commission approval for the deal on Aug 12, according to a filing on the EU competition enforcer’s website. 

The Commission can either clear the deal with or without conditions or it can open a four-month long investigation if it has serious concerns. 

The payments sector has seen a wave of consolidation in recent months as companies seek a foothold in digital transactions, prompted in part by the growing use of smartphone-based online payments like Apple’s Apple Pay and WeChat.

Full Content: Reuters

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