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Worldline CEO Eyes Turnaround, Shuts Down Merger Talk
28 Dec
Summary
- Worldline CEO denies medium-term merger or acquisition plans.
- Focus is on relaunching the group and returning to cash generation.
- A €500 million capital raise is part of the strategic plan.
Worldline SA's Chief Executive Officer, Pierre-Antoine Vacheron, has definitively ruled out pursuing mergers or acquisitions in the medium term. He emphasized that the company's immediate priority is a comprehensive relaunch aimed at restoring robust cash generation.
Vacheron detailed a strategic plan that includes aggressive cost reduction measures, the divestiture of non-essential assets, and the simplification of the firm's operational framework. This strategy is supported by a planned €500 million capital raise, which the CEO expects to be fully subscribed.
Furthermore, Vacheron highlighted Italy as a crucial strategic market, citing significant growth margins. He explicitly dismissed any possibility of selling Worldline's Italian operations, underscoring their importance to the company's future success and turnaround.
