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S&P Global Market Intelligence offers our top picks of banking news stories and more published throughout the week.
Italy's BPER Banca SpA and unit Banco di Sardegna SpA struck a deal with Nexi SpA under which the banks' merchant acquiring and point-of-sale management businesses will be transferred to the payments group. The transaction expected to close in the second half of 2022.
Italy-based Nexi will pay as much as €384 million for the businesses, including a deferred component of up to €66 million subject certain targets being hit. The group will also fully acquire Numera Sistemi e Informatica SpA from Banco di Sardegna, subject to the prior carve‐out from some of Numera's of business activities not related to POS management and support.
Meanwhile, the Italian antitrust authority approved BPER Banca's acquisition of an 80% stake in Banca Carige SpA for a symbolic €1. This is on condition of BPER selling 48 Carige branches in the regions of Sardinia, Liguria, Tuscany, Emilia Romagna and Lazio, Il Sole 24 Ore reported. Banco di Desio e della Brianza SpA is in pole position to buy the branches, the daily noted.
BPER booked an attributable net profit of €113 million in the first quarter of 2022, down from the...