ANZ takes full control of ANZ Worldline venture for $63.7m

ANZ Worldline is a joint venture with Worldline Australia, established in 2022.

Australia and New Zealand Banking Group (ANZ) is acquiring Worldline S.A.’s 51% share in Worldline Australia Pty Ltd (ANZ Worldline) for an $63.74m (A$89m).

ANZ Worldline is a joint venture between the two firms established in 2022. ANZ has signed a binding agreement to acquire the 51% share, which has an estimated implied equity value of approximately A$30m.

There will be no change to the existing ANZ Worldline operations on completion, ANZ said.

“This acquisition will allow us to strengthen our direct relationship with our customers and better meet our customer’s needs, as we continue to focus on providing our small business customers, right up to our largest institutional customers, with a compelling merchant proposition,” said Lisa Vasic, ANZ Managing Director Transaction Banking, Institutional.

ANZ estimates that completion of the transaction will have an approximately 6 basis points (bp) impact on Level 2 CET1.

Completion of the transaction is expected to occur in the second half of the 2026 fiscal year.

(US$1 = A$1.40)