KM Financial Solutions | UPDATE 1-Italy’s Intesa sells merchant payments business to Nexi, takes stake
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UPDATE 1-Italy’s Intesa sells merchant payments business to Nexi, takes stake

UPDATE 1-Italy’s Intesa sells merchant payments business to Nexi, takes stake

Intesa SanPaolo is
selling its retailers’ payment business to Nexi in a
1 billion euro ($1.1 billion)deal that will give the Italian
bank a 10% stake in the country’s biggest payments group.

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