Worldline Shares Rise After Credit Agricole Buys Minority Stake
By Pierre Bertrand
Shares in Worldline rose Monday after French bank Credit Agricole said it had bought a minority stake in the payments company.
At 0823 GMT Worldline shares were trading 5.2% higher to EUR13.80.
The bank bought a 7% minority stake in the French online payments provider, it said Monday.
The acquisition followed an agreement made in July to create a joint venture in the merchant payment services sector.
"The preparatory work for the creation of the announced joint-venture between Credit Agricole Group and Worldline is progressing according to the announced schedule, with operational launch planned in 2024, as soon as the customary regulatory approvals have been obtained," the bank said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
January 22, 2024 03:45 ET (08:45 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks