Linklaters advises SIX GROUP AG on the sale of its minority stake in Worldline SA

Linklaters advised SIX Group AG, "SIX", on the sale of ca. 11 million Worldline shares for €675 million, representing ca. 6.0% of the share capital of Worldline, a French payment and transaction services company, in the context of a private placement by way of an  accelerated bookbuilding, as well as in connection with SIX’s unwinding of the Equity Collar transaction on its Worldline shares entered into on October 29, 2019.

The sale price was set at EUR 61.20 per Worldline share, with settlement and delivery taking place on 30 April 2020.

Upon completion of the placement and the unwinding of the Equity Collar transaction, SIX will still hold ca. 16.3% of Worldline’s share capital, which continues to be a strategic investment for SIX.

SIX will be subject to a 90-day lock-up period, subject to certain standard exceptions.

SIX intends to use the proceeds of the placement to help finance the acquisition of Bolsas y Mercados Españoles (BME).

The Linklaters team was composed of Bertrand Sénéchal, partner, and Sandra Fernandes, managing associate, in Capital Markets, as well as Marc Petitier, partner, and Olivier Pâris, associate in Corporate; Nadine Eng, managing associate, was involved on tax aspects. The Linklaters London Derivatives team was also involved in this transaction.