Ingenico said to have secured financing for Worldpay bid

French payments processing group Ingenico has reportedly lined up financing from HSBC, Natixis and Societe Generale for a £6bn-plus all-cash takeover bid for Worldpay.

The financing plan, which was reported by Sky News, comes days after it emerged that Ingenico had tabled an offer to buy its UK rival and persuade it to abandon a planned stock market flotation.

According to Sky, Ingenico, which has a market value of €6.5bn, is up against bids from Germany's Wirecard and a private equity consortium comprising Blackstone, Hellman & Friedman and Singapore's Government Investment Corporation.

Worldpay’s owners, Advent International and Bain Capital are expected to decide this autumn whether to go ahead with plans for a London listing or opt for a sale.