Worldline, a European leader in payment services, announces it has entered into exclusive negotiations with Cuscal for the proposed sale of its New Zealand payment activities.
Worldline’s New Zealand payments business is a key player in New Zealand’s ecosystem, processing c. 70% of all in-store transactions, serving all four major acquirers and ~40 issuers. This activity has been run independently from Worldline’s core European operations.
„This contemplated transaction marks another milestone in the execution of Worldline’s strategy to sharpen the Group’s focus on payment activities in Europe, streamline operations and optimise resource allocation.” – according to the press release.
The Enterprise Value of the planned divestment is c.€17M. For reference, the revenue and Adjusted EBITDA impact of the perimeter on the Group are respectively estimated at c.€35M and c. €12M. The impact on FCF is limited.
„The combined net cash proceeds[1] from all the already announced disposals (MeTS, Worldline North America, Cetrel, PaymentIQ, Worldline India and Worldline New Zealand) are estimated at €560-610M and should be received in 2026, strengthening the Group’s financial profile, enhancing strategic flexibility and supporting the redeployment of capital towards core activities.” – the company explained.
The closing of the contemplated transaction is expected in Q2 2026.
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[1] Excluding cash on the balance sheet and inclusive of transaction fees
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