Nexi Enters EUR318 Million Agreement With Bper Banca, Banco Di Sardegna
June 01 2022 - 3:36AM
Dow Jones News
By Pierre Bertrand
Nexi SpA has entered a strategic partnership with BPER Banca SpA
and Banco di Sardegna SpA with an overall transaction value of 318
million euros ($341.4 million), the Italian payment-solution
company said Wednesday.
As part of the deal, the merchant and acquiring business of BPER
and Banco di Sardegna will be transferred to Nexi. In addition,
Nexi will take ownership of Numera Sistemi e Informatica SpA from
Banco di Sardegna, following a carve-out of certain operations.
The deal also includes a potential additional EUR66 million,
depending on whether specific economic and qualitative targets are
met, Nexi said.
Nexi said it expects the transaction to close in the second half
of the year.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
June 01, 2022 03:21 ET (07:21 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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