Natixis will acquire a 50.04% stake in Belgian payment solutions firm Dalenys from the latter's majority shareholders, Saint-Georges Finance and Jean-Baptiste Descroix-Vernier, at a price of €9 per share.
Following completion of the transaction, which is subject to regulatory approval and other conditions, Natixis will launch a public bid for Dalenys' remaining shares. Dalenys' telecommunications operations will be divested before the transaction is completed.
The transaction is part of Natixis' efforts to expand in the payments industry, particularly for merchant services. "Dalenys will increase Natixis Payment Solutions' international client base and will pave the way for a rapid European expansion," the French bank said June 26.
The acquisition will be financed out of Natixis' own funds. The estimated negative impact for 100% of the acquisition on the bank's common equity Tier 1 ratio as of March-end is about 10 basis points.
Natixis is a unit of Groupe BPCE.
