Ingenico stock price weakness likely to attract takeover interest – bankers

05 April 2018 - 11:59 am UTC

Author(s): by Arezki Yaiche and Amy-Jo Crowley and Aaran Fronda and William Cain
A sharp share price decline at Ingenico [EPA:ING] is likely to attract takeover interest from bidders such as Atos [EPA:ATO] and Wirecard [ETR:WD] as the payments market continues to consolidate, industry bankers said. Ingenico is seen as vulnerable, said a first banker familiar with the industry. Strategic investors and funds are circling the asset, this banker said. Everyone in the sector is talking to each other at the moment, a second banker familiar said. The industry is looking for consolidation, as industry participants recognise the need for a large and truly global platform to be competitive, this banker said. Sign in to view the full article.