US firm Vantiv to buy British rival Worldpay for £9.3bn

UK’s largest payment processing company agrees to a takeover deal and primary listing on the New York Stock Exchange

Worldpay, the UK’s largest payment processing company, has agreed to a £9.3bn takeover by US rival Vantiv after reassuring senior members of parliament the deal did not amount to a cheap sell-off of a British company in the wake of the Brexit vote.

In the latest case of a foreign takeover of a UK firm, Worldpay said it was recommending an offer by Vantiv of 397p a share, valuing the company at £8bn. Vantiv will also pay £1.3bn to cover debts.

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