Finance
Payments firm Worldline plans 500-million-euro capital injection
Published by Global Banking and Finance Review
Posted on November 6, 2025
3 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 6, 2025
3 min readLast updated: January 21, 2026
Worldline plans a €500 million capital raise involving major French banks to revitalize its business strategy amid investor concerns.
By Gianluca Lo Nostro
(Reuters) -Worldline on Thursday unveiled plans to raise 500 million euros ($583 million) by tapping some of France's biggest banks to fund a strategy aimed at turning around the payments firm following years of setbacks.
The two-stage capital increase will begin with a 110-million-euro reserved share sale to Bpifrance, Credit Agricole and BNP Paribas, followed by a 390-million-euro rights issue open to all shareholders.
The three lenders have committed to subscribe around 135 million euros to the rights issue.
Upon completion of the capital raise, expected in the first quarter of 2026, Bpifrance will hold a 9.6% stake in Worldline, Credit Agricole will own 9.5%, with BNP Paribas at 7.9%.
Swiss stock exchange operator SIX Group, Worldline's biggest investor, said it has accepted dilution as it will not participate in the capital increase. SIX expects a 550-million-Swiss-franc ($693.48 million) impairment on its Worldline stake and said it will manage it as a financial investment in the future.
NEW PLAN FAILS TO WIN BACK INVESTORS
The move failed to calm investors as shares in Worldline fell over 6%, hitting a new all-time low on Thursday.
Chief executive Pierre-Antoine Vacheron dismissed concerns that the company, valued 581 million euros as of Wednesday, could become a takeover target despite the new funding.
"We have very strong support from anchor shareholders, which are very large financial institutions in Europe," Vacheron said in a call with reporters. "When you look at the competition, they are not really in good shape."
J.P. Morgan analysts said in a note the new plan gives the firm credibility but that investors will want to see proof of stabilisation.
Worldline, spun off from IT group Atos in 2014, was a standout in France's technology sector before its market value plummeted by about 97% from a 2021 peak of over 20 billion euros.
The company has faced challenges including client retention, repeated profit warnings, governance instability, and a broader slowdown in consumer spending that has impacted the payments industry.
A criminal probe into alleged money laundering at its Belgian unit has further damaged its reputation.
RETURN TO GROWTH EXPECTED FROM 2027
On Thursday, Worldline set longer-term targets of 4% annual revenue growth between 2027 and 2030, 1 billion euros in core earnings, and positive free cash flow as early as 2027.
The French group said 2026 will be a transition year, and it is expecting more pressure on profits and free cash flow.
The planned divestments of its mobility unit, its North American operations, and its electronic data management business will bring in up to 400 million euros in cash proceeds, Worldline said.
($1 = 0.8575 euros)
($1 = 0.7931 Swiss francs)
(Reporting by Gianluca Lo Nostro; Editing by Matt Scuffham, Philippa Fletcher and Joe Bavier)
A capital increase is a method by which a company raises additional funds by issuing new shares to investors. This can help improve the company's financial stability and support growth initiatives.
A rights issue is an offer to existing shareholders to purchase additional shares at a specified price, usually at a discount. It allows companies to raise capital while giving current shareholders the opportunity to maintain their ownership percentage.
Free cash flow is the cash generated by a company after accounting for capital expenditures. It is an important measure of financial performance, indicating how much cash is available for distribution to shareholders or reinvestment.
Core earnings refer to a company's profits derived from its primary business operations, excluding any income from non-recurring events or investments. This metric provides a clearer picture of a company's operational profitability.
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