Worldpay hires Lazard for likely floatation: Sky News

Payment processing company Worldpay has hired investment bank Lazard 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. (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 for about 2 billion pounds ($3.13 billion)in 2010, Sky said on their website. 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.(bit.ly/1FccH0g) Lazard could not be reached for a comment outside regular business hours. (Reporting by Ismail Shakil in Bengaluru; editing by Andrew Hay)