Crédit Agricole has acquired a seven percent stake in payments processing partner Worldline.
The investment follows the April 2023 agreement between the two companies to form a joint venture in the French merchant payment services market.
The French bank says the transaction demonstrates its intention to support Worldline’s development and implementation of its strategy as a key European payment services provider.
Operational launch of the joint venture is scheduled for later this year, lagging the initially agreed timeframe of end-2023.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.finextra.com/newsarticle/43565/crdit-agricole-acquires-minority-stake-in-worldline?utm_medium=rssfinextra&utm_source=finextrafeed
- :has
- :is
- 2023
- 40
- a
- acquired
- Acquires
- agreed
- Agreement
- and
- April
- AS
- Bank
- between
- Companies
- demonstrates
- Development
- European
- Finextra
- follows
- For
- form
- French
- French Bank
- HTTPS
- implementation
- in
- initially
- Intention
- investment
- ITS
- joint
- joint venture
- jpg
- Key
- lagging
- later
- launch
- Market
- Merchant
- minority
- of
- partner
- payment
- Payment Services
- payments
- percent
- plato
- Plato Data Intelligence
- PlatoData
- processing
- provider
- says
- scheduled
- Services
- seven
- stake
- Strategy
- support
- The
- the joint
- this
- this year
- timeframe
- to
- transaction
- two
- venture
- Worldline
- year
- zephyrnet