Athens, 14 December 2021- Karatzas & Partners advises Eurobank on the sale of 80% of its merchant acquiring business to Worldline. The 100% of the business currently managing payments for 123,000 merchants with over €7 billion value of transactions was valued at €320 million. The strategic partnership between Eurobank and Worldline pursues to benefit Eurobank’s customers and the market through the combination of Worldline’s global scale, best-in-class technologies and expertise with Eurobank’s strong distribution network.
The transaction is expected to boost Eurobank’s Group CET 1 ratio by ca. 80 bps (based on Q3 2021 ratios).