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Worldpay hires Lazard for likely floatation - Sky News

Reuters

(Reuters) - Payment processing company Worldpay has hired investment bank Lazard (LAZ.N) as an adviser to prepare for a floatation in London, Sky News reported on Tuesday.

The Listing could value the London-based company at as much as 6 billion pounds ($9.40 billion), Sky News said. (http://bit.ly/1HcdnSM)

A Worldpay spokesman confirmed the company is in conversations with Lazard but declined further comment.

A floatation is the likeliest route for Worldpay which was bought by Advent International and Bain Capital from Royal Bank of Scotland (RBS.L) for about 2 billion pounds ($3.13 billion)in 2010, Sky said on their website.

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Worldpay processes 26 million transactions daily and its half-yearly underlying revenue of 1.73 billion pounds ($2.71 billion) was up 6.1 percent in the period ended June, 2014, according to the company website.(http://bit.ly/1FccH0g)

Lazard could not be reached for a comment outside regular business hours.

($1 = 0.6383 pounds)

(Reporting by Ismail Shakil in Bengaluru; editing by Andrew Hay)