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 that brings in a network of more than 110,000 retailers.
Under the latest accord, Nexi will buy the merchant payment and Point of Sales operations of both BPER and its Banco di Sardegna subsidiary. Tied by a commercial partnership, Nexi and BPER entered exclusive negotiations on the sale in February, twice pushing back a deadline to wrap talks up. BPER said in a statement the business being transferred handled 13 billion euros worth of transactions last year through a network of around 150,000 card machines.
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