JPMorgan, Vantiv queue to acquire Worldpay

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Worldpay said it is in discussion with investment banking major, JPMorgan and Vantiv for a possible acquisition.

The USD10 billion company said in a statement that “The Board of Worldpay Group plc (“Worldpay”) notes the recent press speculation concerning Worldpay and Worldpay share price movement and confirms that it has received preliminary approaches from Vantiv, Inc (“Vantiv”) and JPMorgan Chase Bank (“JPMorgan”) in relation to the potential acquisition of the entire issued, and to be issued, share capital of Worldpay”.

Worldpay disclosed in its latest filing that it has over 400,000 customers and processes payments in 146 countries and 126 currencies. The U.K. is its largest country, where it has more than 40 percent market share of all businesses.

However, Worldpay cautioned in the statement that there can be no certainty either that an offer will be made nor as to the terms of any offer, if made.

Worldpay also said the announcement has been made without the consent of Vantiv or JPMorgan.