Crédit Agricole has announced the acquisition of a 7% minority stake in Worldline, in continuation of the strategic partnership between the two groups, for which the signature of a binding agreement was announced for July 2023.

As a reminder, this strategic partnership in the field of merchant payment services 'would create a joint venture with the ambition of becoming a leading player in electronic payment services in France'.

Crédit Agricole's investment reflects the banking group's desire to 'support Worldline's development and enable it to implement its strategy of becoming a leading European player in the payments market'.

Preparatory work for the creation of their joint venture is proceeding according to schedule, with an operational launch in 2024, as soon as the necessary regulatory approvals have been obtained.

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