October 23, 2018 / 5:59 AM / 10 months ago

Takeover target Ingenico lowers earnings outlook

PARIS, Oct 23 (Reuters) - Payments company Ingenico , which is being pursued by business services company Edenred and corporate banking group Natixis, lowered its earnings outlook due to some weak performances at its bank client arm.

Ingenico said it was now expecting a core 2018 earnings before interest, tax, depreciation and amortisation (EBITDA) of 510 million euros ($584 million), compared to a previous target for earnings of at least 545 million euros.

It added it would appoint a committee of independent directors to review strategic options for the company and the evolution of its governance.

Takeover activity within the payments field has been intensifying as the increasing use of smartphones to make online payments has triggered consolidation, with deals offering potential cost savings.

$1 = 0.8729 euros Reporting by Sudip Kar-Gupta; Editing by Sarah White

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