Nexi in exclusive talks to buy BPER's retailers' payment arm-source
Reuters
Published Feb 21, 2022 11:53AM ET
MILAN (Reuters) -Italian payments group Nexi (MI:NEXII) is in exclusive talks to buy the retailers' payment business of BPER Banca, a person close to the matter said, confirming a report by Bloomberg News.
A deal could be worth around 350 million euros ($396.73 million), the person said.
In a conference call after the group's fourth-quarter results earlier this month, Nexi's Chief Executive Paolo Bertoluzzo said the group could consider new M&A opportunities, mainly in areas where it is already present.
In Italy, in the past few years, Nexi bought the retailers' payment businesses of Intesa Sanpaolo (OTC:ISNPY) and UBI Banca, MPS, Deutsche Bank (DE:DBKGn) and Carige.
($1 = 0.8822 euros)
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Written By: Reuters
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