Nexi strikes $412 million buy of BPER's retailer payment business

1/6/2022 12:54:00 PM

Nexi strikes $412 million buy of BPER's retailer payment business

Nexi strikes $412 million buy of BPER's retailer payment business

MILAN : Italian payments group Nexi has agreed to buy the shop payments business of BPER Banca and Banco Di Sardegna in a deal worth up to 384 million euro ($412 million) that brings in a network of more than 110,000 retailers.Nexi, one of Europe's leading payments company, has been steadily expanding its

MILAN : Italian payments group Nexi has agreed to buy the shop payments business of BPER Banca and Banco Di Sardegna in a deal worth up to 384 million euro ($412 million) that brings in a network of more than 110,000 retailers.Nexi, one of Europe's leading payments company, has been steadily expanding its operations serving merchants through similar acquisitions, including a landmark 1 billion euro deal with Italy's top bank Intesa Sanpaolo in 2019.

Under the latest accord, Nexi will buy the merchant payment and Point of Sales (POS) operations of both BPER and its Banco di Sardegna subsidiary.The deal values the businesses at up to 384 million euros, including a 66 million euro delayed component to be paid when set targets are met.

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