# Sabadell in talks with Worldline, Nexi and Fiserv for payments deal -sources Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2022-09-23 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Sabadell Receives Bids from Worldline, Nexi, and Fiserv for Meta Description: Spanish bank Sabadell receives offers valued at up to 400 million euros for its payments unit from Worldline, Nexi and Fiserv, with final bidders to be URL: https://financedigest.com/sabadell-in-talks-with-worldline-nexi-and-fiserv-for-payments-deal-sourceshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2022-09-21t211948z2lynxmpei8k11qrtroptp4spain-1736815168117-compressed.jpg) By Pamela Barbaglia, Jesús Aguado and Andres Gonzalez LONDON/MADRID (Reuters) -Spanish bank Sabadell has received indicative bids from France’s Worldline, Italy’s Nexi and U.S. firm Fiserv for its payments arm, with a deal valued at up to 400 [million euros](https://www.financedigest.com/amazon-grants-1-5-million-euros-to-dutch-seaweed-farm-project.html "Amazon grants 1.5 million euros to Dutch seaweed farm project") ($394 million), three sources said. Sabadell received the non-binding offers last week and is expected to [shortlist a group of final bidders](https://www.financedigest.com/sacyr-shortlists-four-bidders-for-its-service-waste-management-unit-expansion.html "Sacyr shortlists four bidders for its service, waste management unit – Expansion") in early October, the sources said, speaking on condition of anonymity. The Spanish lender will review the offers at a board meeting in late September and then [move to the final stages](https://www.financedigest.com/analysis-at-world-cup-saudi-crown-prince-moves-back-on-to-global-stage.html "Analysis-At World Cup, Saudi crown prince moves back on to global stage") of the auction, allowing bidders to carry out due diligence on the unit, the sources said. Worldline, Nexi and Fiserv declined to comment. Sabadell, which declined to comment on the names or offers, confirmed on Thursday evening in a statement it “is in the process of analyzing a possible [strategic agreement with an industrial partner specializing in the bank’s acquisition](https://www.financedigest.com/incentive-fm-group-announces-latest-strategic-me-acquisition.html "INCENTIVE FM GROUP ANNOUNCES LATEST STRATEGIC M&E ACQUISITION") business (payments unit). The sale, which is being handled by Barclays, has only addressed [industry players](https://www.financedigest.com/glazes-market-overview-key-players-industry-overview-trends-size-application-and-analysis-till-2022-2029.html "Glazes Market Overview: Key Players, Industry Overview, Trends, Size, Application and Analysis till 2022-2029") including U.S. giant PayPal and rival firms Fidelity National Information Services Inc (FIS) and Network International, while [private equity](https://www.financedigest.com/procurementin-european-private-equity-investment-adding-value-to-the-boardroom.html "Procurement in European private equity investment – adding value to the boardroom.") funds were not invited to bid, two of the sources said. PayPal, FIS and Network International were not immediately available for comment. [Shares in Sabadell closed](https://www.financedigest.com/power-generation-sector-to-remain-largest-end-user-of-industrial-engines-persistence-market-research.html "Double Acting Hydraulic Cylinders to Hold Close to 50% Market Share: Persistence Market Research") 5% up on Thursday, leading gainers on Spain’s blue-chip index Ibex-35, which fell 1.24%. Sabadell’s better share performance relative to other Spanish [banks is explained partly by reports of bids for its payments](https://www.financedigest.com/5-ways-banks-can-compete-in-payments.html "5 ways banks can compete in payments") unit, now pointing to a higher price than previously expected,” said Nuria Alvarez, analyst at Madrid-based brokerage Renta 4. Earlier this year, press reports pointed to a price tag of 250 [million to 350 million euros](https://www.financedigest.com/iag-agrees-to-buy-80-stake-in-air-europa-for-400-million-euros.html "IAG agrees to buy 80% stake in Air Europa for 400 million euros") for the unit. The analyst added that the general context for banks was favourable because of [rate hikes](https://www.financedigest.com/uk-economys-unexpected-bounce-spurs-more-boe-rate-hike-talk.html "UK economy’s unexpected bounce spurs more BoE rate hike talk") in the euro zone and the UK. Sabadell is also present in the UK through its British unit TSB. In Spain, Sabadell has a [strong presence on the payments](https://www.financedigest.com/the-late-payments-toolkit-how-to-keep-the-cash-flow-strong.html "THE LATE PAYMENTS TOOLKIT – HOW TO KEEP THE CASH-FLOW STRONG") front and accounts for close to 16.3% of the country’s overall revenue generated at the point of sale (POS). Its payments arm, which is mainly focused on consumer lending, has [core earnings of about 25-30 million euros](https://www.financedigest.com/hellofresh-sees-2023-core-profit-of-460-540-million-euros.html "HelloFresh sees 2023 core profit of 460-540 million euros"), one of the sources said. The business reported sales of 21.6 billion euros in the first half of 2022 compared to 15.4 billion euros in the same period last [year and is a source of stable and profitable income for the bank as payments](https://www.financedigest.com/2019-year-customers-take-control-payments.html "2019: The year customers take control of payments") transactions tend to carry a higher interest than mortgages. The [sale is expected to be finalized in December](https://www.financedigest.com/aldi-uk-says-december-sales-up-26.html "Aldi UK says December sales up 26%") and will result in the winner striking a long-term partnership with Sabadell, which will retain an exclusive right to commercialize loans or financial transactions. ($1 = 1.0162 euros) (Reporting by Pamela Barbaglia, Jesus Aguado and Andres Gonzalez; additional reporting by Valentina Za, Julien Ponthus and David French; editing by Deepa Babington, Mark Potter and Richard Pullin) --- This blog is powered by Superblog. 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