Handelsbanken to sell card acquiring business to Worldline
Stockholm, July 27, 2021
Handelsbanken has entered into an agreement to sell its card acquiring business to Worldline. In 2020, the business had net commission income of approximately SEK 190 million and external costs of approximately SEK 20 million.
In conjunction with the sales agreement, Handelsbanken has also entered into a distribution agreement with Worldline. The compensation to the Bank for the sale is approximately SEK 2,000 million.
The transfer of the card acquiring business is a consequence of Handelsbanken’s review of its payment business, initiated in autumn 2020.
Worldline offers digital payment services in the Nordic countries and Europe, as well as globally. Worldline has turnover of around EUR 5 billion.
Completion of the transaction is contingent on the satisfaction of certain customary notification procedures and is expected to take place during 2021.
Handelsbanken Capital Markets and Citigroup have acted as financial advisors, and Mannheimer & Swartling as legal advisors, to Handelsbanken.
For further information, please contact:
Lars Höglund, Head of Handelsbanken Investor Relations and Financial Strategy,
+46 70 345 51 70
Viktoria Aastrup, Head of Group Media Relations, +46 73 043 51 59
For more information about Handelsbanken, see: www.handelsbanken.com