Worldline enlists bankers to sell its Mobility division, sources say

Quick Summary:

PARIS/LONDON : Worldline has appointed banking advisers to sell its Mobility and e-Transactional Services (MTS) business, five people familiar with the matter said, as the company looks to rebuild investor confidence with its shares near record lows.

Separating MTS from Worldline should be relatively simple as it has a different set of customers and has been operating more or less on a standalone basis, two of the sources said.

Worldline turned to advisers at Morgan Stanley and Rothschild early this year in a bid to fend off a hostile takeover.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFrance

Topics: Profit Worldline People Investor Year Payments Rothschild Financial Company Process Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 22:35:56 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23448521

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