Business
Nexi in Exclusive Talks to Buy BPER’s Retailers’ Payment Arm-Source
Published by maria gbaf
Posted on February 22, 2022
1 min readLast updated: February 8, 2026
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Company
Published by maria gbaf
Posted on February 22, 2022
1 min readLast updated: February 8, 2026
Add as preferred source on GoogleMILAN (Reuters) -Italian payments group Nexi 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.
MILAN (Reuters) -Italian payments group Nexi 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 and UBI Banca, MPS, Deutsche Bank and Carige.
($1 = 0.8822 euros)
(Reporting by Elisa Anzolin; editing by Cristina Carlevaro and Susan Fenton)
A merger and acquisition (M&A) refers to the process where two companies combine (merger) or one company purchases another (acquisition) to enhance market share or operational efficiency.
Retail banking is the division of a bank that deals directly with individual consumers, providing services such as savings accounts, personal loans, and mortgages.
An investment opportunity refers to a chance to invest in a financial asset or venture that has the potential to generate returns or profits.
Financial services encompass a broad range of services provided by the finance industry, including banking, investment, insurance, and asset management.
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