October 11, 2018 / 6:14 AM / 2 months ago

French bank Natixis says examining deal with Ingenico

PARIS, Oct 11 (Reuters) - French bank Natixis said on Thursday that it was examining a deal with financial technology and payments company Ingenico, which has been the subject of bid interest.

“Natixis confirms having an interest in exploring the rationale of a possible industrial combination of Natixis payment activities with Ingenico Group and its businesses and having preliminary discussions in this respect,” Natixis said in a statement.

The payments sector has witnessed a wave of takeover deals this year, including Worldline buying the payments unit of Swiss exchange operator SIX Group in May, and Nets merging with German peer Concardis in June.

As well as investing in innovation, payments companies now also need to operate on a larger scale to navigate an increasingly complex regulatory environment.

Reporting by Sudip Kar-Gupta; Editing by Dominique Vidalon

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