Latham & Watkins is advising Worldline, a global leader in payment services, on competition law matters in connection with its exclusive discussions with Crédit Agricole, one of the largest banking groups in Europe, regarding a strategic partnership to create a major player in the French payment market.
The partnership would be ensured by the set-up of a fully licensed joint-company between Crédit Agricole and Worldline. The joint venture would offer services to address all merchants’ payment services needs, both in-store and online, and would rely on Worldline’s technological expertise and innovation and Crédit Agricole’s large distribution networks and deep knowledge of the French market. The contemplated alliance is a unique opportunity for both companies to significantly expand their payment merchant services activities in the largest payment market in Continental Europe.
The Latham team was led by Paris antitrust partners Jacques-Philippe Gunther and Mathilde Saltiel, with Paris antitrust associates Jérôme de Ponsay, Anne-Claire Théry, and Marion Penloup.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
