Credit Agricole snaps up 7% stake in JV partner Worldline after 66% stock slide

Credit Agricole on Monday said it had acquired a 7% stake in payments company Worldline as the two firms push ahead with plans announced in July to launch a new joint venture payments processing company intended to become a major player in France’s financial services sector. The French bank said its decision to buy a minority stake in Worldline for an undisclosed sum is aimed at strengthening the two firms’ “strategic partnership” as they push forwards with efforts to launch their joint venture this year. T ...