Worldline Said to Pick Banks for $3.5 Billion Terminal Sale (1)

Worldline SA has picked banks to work on a potential sale of its payments terminal operations following the 7.8 billion-euro ($9.2 billion) takeover of Ingenico Group SA, people familiar with the matter said.

The French payments provider has selected UBS Group AG and BNP Paribas SA to advise on strategic options for the business, according to the people. It plans to seek a valuation of about 3 billion euros in any sale, the people said, asking not to be identified because the information is private.

Worldline confirmed Thursday it’s now launching a strategic review of its payment terminal business, ...