trending Market Intelligence /marketintelligence/en/news-insights/trending/nIvopKG0su33GJ0_K24jjg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Italy's Intesa Sanpaolo agrees to sell payment systems business to Nexi

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Italy's Intesa Sanpaolo agrees to sell payment systems business to Nexi

Italian bank Intesa Sanpaolo SpA agreed to sell its payment systems business to Nexi SpA for €1 billion, the bank said in a statement.

Intesa will transfer the business comprising 380,000 points of sale, or retail outlets, to a Nexi unit and in return receive shares in the subsidiary.

It will then sell those shares to Nexi and use some of the cash consideration to acquire a 9.9% stake in Nexi from Mercury UK Holdco Ltd. for €653 million.

The transaction is expected to complete in 2020, subject to customary and regulatory approvals. The sale is expected to result in a net capital gain of roughly €900 million in the 2020 consolidated income statement of Intesa.

Nexi said in a separate statement the transaction would generate an increase in group EBITDA of about €95 million and a high teens increase in cash earnings per share starting from 2020.