Ingenico bids to buy WorldPay

According to Reuters, the French payments company Ingenico is in the market to buy UK payments firm Worldpay. They say the bid was confirmed by “two sources familiar with the matter (said) on Friday, as the contest heats up to take control of Europe’s leading payments processor.”

Worldpay is owned by private equity firms Advent and Bain and has been planning to float on the London stock exchange at some point this autumn. The estimated value of such a floatation is said to be estimated in the region of £6bn.

Worldpay is a well known payments firm used by businesses in the UK large and small and has both online and offline users.

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