Homburger advised SIX in selling part of its minority stake in Worldline
Swiss stock exchange operator SIX has completed the sale of 10m Worldline shares, through a placement to qualified investors only by way of an accelerated bookbuilding. Separately, SIX has been unwinding the Equity Collar transaction on Worldline shares entered into on 29 October 2019. As part of the unwind, SIX has concurrently sold 1m additional Worldline shares into the above mentioned accelerated bookbuilding private placement. Altogether, SIX has completed a sale of 11,032,100 Worldline shares for ca. €675mm representing ca. 6.0% of the Worldline share capital. J.P. Morgan Securities plc, Credit Suisse and UBS acted as Joint Bookrunners of the placement.
The sale price of the Placement determined in the accelerate bookbuilt offering to institutional investors was set at €61.2 per Worldline share, with settlement expected to occur on or around April 30, 2020.Upon completion of the Placement and the unwinding of the Equity Collar, SIX will still hold ca. 16.3% of the Worldline share capital, which continues to be a strategic investment for SIX. SIX intends to use the proceeds of the operation to contribute to the financing mix of the acquisition of Bolsas y Mercados Españoles (BME).