(Reuters) -French payments company Worldline has been studying funding options, including a potential equity offering, as it seeks to shore up its capital base, Bloomberg News reported on Wednesday,
Worldline Explores Funding Alternatives, Including Equity Offering
Worldline's Funding Strategies
(Reuters) -French payments company Worldline has been studying funding options, including a potential equity offering, as it seeks to shore up its capital base, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.
Recent Financial Challenges
The company declined to comment on the report.
Potential Equity Offering
Worldline has been in talks with banks in recent weeks and was considering the possibility of raising several hundred million euros, the report added.
Impact of Governance Issues
The firm narrowed its 2025 profit forecast last month and signaled more disposals in the near term, as the French digital payments company battles to restore investor confidence following governance setbacks and client losses.
It lost about 90% of its market value since its pandemic peak, hit by multiple profit warnings, governance shake-ups and media reports accusing it of concealing client fraud.
Belgian prosecutors in June launched a probe into potential money laundering activities at its local unit.
(Reporting by Mihika Sharma in Bengaluru; Editing by Vijay Kishore)
