Worldline Drops as Payment Firm Books €4.1 Billion Impairment

Worldline SA shares fell after the French payments provider booked a €4.1 billion ($4.7 billion) impairment tied to its merchant services business in the second quarter, in the company’s first earnings since facing allegations it ignored warnings of fraud.

The impairment on goodwill led Worldline to report a net loss of €4.2 billion in the first half of the year, compared to a net loss of €29 million in the same period last year, according to a statement Wednesday.