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Payments General

Worldline to acquire Baltics payment processor from First Data

Wednesday 26 July 2017 | 02:21 PM CET

Worldline has announced it buys 100% of the share capital of First Data’s subsidiaries in Lithuania, Latvia, Estonia (First Data Baltics or FDB) for EUR 73 million.

First Data Baltics (FDB) has generated revenue of EUR 23 million in 2016 and currently employs approximately 200 people. It provides a wide range of outsourcing services for the main Baltic banking groups and also to some banks in the Nordic region.

The acquisition is expected to close during Q3 2017.

Earlier in July 2017, the company announced an agreement to acquire 100% of the share capital of Digital River World Payments (DRWP), thus being granting access in Sweden, the US and Brazil markets.

For more information about Worldline, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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