BRUSSELS, Aug 13 – EU antitrust regulators will decide by Sept. 16 whether to clear French payments company Worldline’s 7.8-billion-euro ($9.23 billion) buy of rival Ingenico to create a European leader.
Worldline, born out of French IT company Atos, sought European Commission approval for the deal on Aug. 12, according to a filing on the EU competition enforcer’s website.
The Commission can either clear the deal with or without conditions or it can open a four-month long investigation if it has serious concerns.
The payments sector has seen a wave of consolidation in recent months as companies seek a foothold in digital transactions, prompted in part by the growing use of smartphone-based online payments like Apple’s Apple Pay and WeChat.
($1 = 0.8450 euros) (Reporting by Foo Yun Chee; Editing by Kirsten Donovan)