Worldline S.A. (ENXTPA:WLN) entered into an agreement to acquire 53% stake in Gopay S.R.O., from Pavel Schwarz on April 8, 2020. Under the terms, Worldline is entitled to acquire the remaining shares in 2022. The transaction is a bolt-on acquisition. Gopay is expected to contribute to reinforce the financial profile of Worldline’s Merchant Services division. Gopay generated revenues of €7 million for the year ended December 2019. The current owner of Gopay, Pavel Schwarz along with forty five payment experts from Gopay will join Worldline at the time of closing of the transaction. Pavel Schwarz will continue to be fully involved in daily operations of the company and will be instrumental in both product development and in achieving the ambitious business plan and synergies going forward. The transaction is expected to close in third quarter of 2020. As of September 24, 2020, Libor Basl of Baker & McKenzie s.r.o., advokatni kancelar acted as a legal adviser to Worldline SA. Worldline S.A. (ENXTPA:WLN) completed the acquisition of 53% stake in GOPAY s.r.o., from Pavel Schwarz on September 4, 2020.