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Nexi in exclusive talks to buy BPER's retailers' payment arm-source

Published 02/21/2022, 11:53 AM
Updated 02/21/2022, 11:55 AM
© Reuters. FILE PHOTO: The logo of Italian payments group Nexi is pictured outside their headquarters in Milan, Italy, March 28, 2019. REUTERS/Alessandro Garofalo
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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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