ABN AMRO stake in Equens to dilute as Equens announces agreement with Worldline on a strategic new entity

Press release -

ABN AMRO Head Office

Today Equens and Worldline have entered into an agreement with the aim to become one of the leading and most innovative payment service providers for financial institutions and corporates in Europe. Worldline is to contribute the main part of its Financial Processing & Software Licensing activities to Equens. As a result of the proposed transaction Worldline becomes a majority shareholder in the new combined entity. ABN AMRO’s participating interest in Equens is expected to be diluted from 18.4% to 7.0%.

The transaction is expected to close during the first half of 2016, subject to work(s) councils’ consultation processes, regulatory and antitrust authorities’ approvals. Closing of this transaction could result in a solid positive financial impact for ABN AMRO the size of which depends on a number of circumstances at the time of closing.

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