Our firm 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).

Our team was led by our Partner Alexandros Metallinos, assisted by our Senior Associate Eleana Rouga and Associate Aristides Makripodis. Our Partner Anna Manda and Associate Angela Boletsi advised on competition law aspects of the Transaction.

We are glad to continue working with our client for the completion of this challenging and value-adding Transaction.