By Pierre BertrandNexi 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. As part of the deal, the merchant-acquiring and point-of-sale management businesses of BPER and Banco di Sardegna will be transferred to Nexi, it said. In addition, Nexi said it will take ownership of Numera Sistemi e Informatica SpA from Banco di Sardegna, following a carve-out of certain operations unrelated to point-of-sale management and support.

Source: Wall Street Journal June 01, 2022 18:16 UTC