Worldline: Invest Securities remains positive, with SIA

(CercleFinance.com) - Parisian broker Invest Securities confirms its buy rating on the Worldline share, which was boosted yesterday in Paris by news about a potential takeover by the Italian group SIA.

The broker maintains its target price for the share at 66 euros.

Yesterday, the Worldline share jumped over 7%, approaching a peak, while according to the daily newspapers Milano Finanza and Il Sole 24 Ore, the Italian electronic payments operator SIA may be interested in the French group.

The broker thinks that the transaction would be very relevant from an operational point of view and should create value for Worldline shareholders, even though the payment in shares would limit the acretive effect to synergies. This new consolidation would benefit Worldline, with an additional size effect and new leverage on its profitability, Invest Securities analysts say.


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