for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

EU sets September 16 deadline for decision on $9.2 billion Worldline, Ingenico deal

FILE PHOTO: A logo of payments company Worldline is seen in the illustration picture taken February 3, 2020. REUTERS/Christian Hartmann/Illustration/File Photo

BRUSSELS (Reuters) - EU antitrust regulators will decide by Sept. 16 whether to clear French payments company Worldline's WLN.PA 7.8-billion-euro ($9.23 billion) buy of rival Ingenico INGC.PA to create a European leader.

Worldline, born out of French IT company Atos ATOS.PA, sought European Commission approval for the deal on Aug. 12, according to a filing on the EU competition enforcer's website.

The Commission can either clear the deal with or without conditions or it can open a four-month long investigation if it has serious concerns.

The payments sector has seen a wave of consolidation in recent months as companies seek a foothold in digital transactions, prompted in part by the growing use of smartphone-based online payments like Apple's AAPL.O Apple Pay and WeChat 0700.HK.

Reporting by Foo Yun Chee; Editing by Kirsten Donovan

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up