By Pierre Bertrand

Nexi 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.

The deal also includes a potential additional EUR66 million, depending on whether specific economic and qualitative targets are met, Nexi said.

Nexi said it expects the transaction to close in the second half of the year.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

June 01, 2022 03:21 ET (07:21 GMT)

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