France's Natixis is looking to take over Ingenico Group SA in a bid to develop its payments business.
The bank said it is interested in an "industrial combination" of its payment activities with that of Ingenico, adding that it has held preliminary discussions. Meanwhile, Ingenico confirmed that it has received "preliminary approaches" for a strategic transaction and is reviewing its options.
The possible merger follows a string of deals in the payments sector, Bloomberg News said Oct. 11. In May, Switzerland's SIX Group AG agreed to sell its payments services unit to Worldline SA for about €2.30 billion.