Worldline has begun “exclusive” discussions with Cuscal on a proposed sale of its payment’s operations in New Zealand.
The New Zealand business handles roughly 70% of in-store payments in the country and works with all four major acquirers as well as around 40 issuers, the company said in a statement.
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The unit has operated separately from its main European business.
The proposed disposal is part of the group’s plan to concentrate on payments activities in Europe, while simplifying operations and reallocating resources.
Worldline put the expected enterprise value of the transaction at around €17m.
It said the part of the business under sale is estimated to account for about €35m in revenue and about €12m in adjusted EBITDA, with only a limited effect on free cash flow.
The company also said net cash proceeds from previously announced disposals such as MeTS, Worldline North America, Cetrel, PaymentIQ, Worldline India and Worldline New Zealand are expected to total €560m to €610m and should be received in 2026.
According to Worldline, the transaction is expected to complete in the second quarter of 2026.
Citigroup was sole financial adviser to Worldline SA, while Russell McVeagh served as international legal counsel.
