Worldline aims to raise 500 million euros by tapping French banks for a turnaround strategy. The capital increase includes a 110-million-euro share sale to Bpifrance, Credit Agricole, and BNP Paribas, with a 390-million-euro rights issue. Swiss investor SIX Group will not participate, expecting a 550-million-Swiss-franc impairment on its stake.

Despite the new plan, Worldline shares fell over 6%, hitting a new low. CEO Pierre-Antoine Vacheron reassured investors of strong support from anchor shareholders, dismissing takeover concerns. J.P. Morgan analysts noted the plan adds credibility but investors seek stability proof. Worldline, once a standout in France’s tech sector, faced challenges leading to a 97% market value drop.

Worldline sets targets for 4% annual revenue growth from 2027 to 2030, 1 billion euros in core earnings, and positive free cash flow by 2027. 2026 is expected to be a transition year with pressure on profits and free cash flow. The company faces a criminal probe into alleged money laundering and reputation damage from setbacks.

Read more at Yahoo Finance: Payments firm Worldline plans 500-million-euro capital injection