Worldline: EU approves acquisition of BAI

(CercleFinance.com) - Under EU Merger Regulations the European Commission has approved the acquisition of control of France's Bank and Acquirers International (BAI) by US-based Apollo Management.


BAI, part of the Worldline Group, is the sub-holding company of a group of companies that operate in the manufacture and supply of payment terminals and related systems and services, mainly to acquirers and retailers. Meanwhile, Apollo is a global alternative asset manager.

The Commission concluded that the proposed concentration would not raise competition concerns because BAI and Apollo are not active in the same or related markets.


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