Worldline Seeks to Sell Unit to Focus Business After Stock Crash

Worldline SA entered into talks to sell its digital-services unit as the French payments company seeks to focus its activities after its stock collapsed following media reports alleging that it turned a blind eye to fraud.

The firm “entered into exclusive negotiations” with Magellan Partners after receiving a binding offer that values the Mobility & e-Transactional Services business at €410 million ($473.6 million), according to a statement Tuesday. The unit has about 3,800 employees.

Last month, the Brussels Public Prosecutor’s Office opened an investigation into Worldline’s Belgian unit following a series of media reports claiming the Paris-based company ignored warnings ...