Payments firm Worldline plans 500 million euro capital injection

FILE PHOTO: The logo of payments company Worldline is seen at the company headquarters in the financial and business district of La Defense, near Paris, France, October 26, 2023. REUTERS/Gonzalo Fuentes/File Photo

(Reuters) -French payments firm Worldline said on Thursday it plans to raise 500 million euros ($583 million) in fresh equity to support a turnaround plan and rebuild investor confidence after years of challenges.

The two-stage capital increase will begin with a 110 million euro reserved share sale to Bpifrance, Credit Agricole and BNP Paribas, followed by a 390-million-euro rights issue open to all shareholders.