Eyes on the stock exchange on Bper, the best of the banks, both in reaction to the strategic agreement with Nexi announced this morning, and due to the short-term expectation of the formalization of the Carige purchase and the industrial plan next week.
Bper and Nexi, strategic agreement on cards and Pos
Nexi announced this morning that it has signed an agreement for a strategic partnership with Bper Banca and its subsidiary Banco di Sardegna, to be implemented through the transfer of company branches relating to the activities of merchant acquiring (card payment services in shops) e pos management of the two groups.
The assets involved in the transaction will be transferred to Nexi Payments and at the same time the payment systems group will acquire from Banco di Sardegna the XNUMX% stake of Number Systems and IT, subject to the exclusion by Numera itself of activities not related to Pos management and assistance.
Il corresponding of the transaction, reads a note from Nexi (+0,1% on the Stock Exchange), is 318 million euro, which could increase by another 66 million if certain economic and qualitative objectives are achieved.
During 2021, the business subject to the transfer generated a total volume of approx 13 billion through a network of over 110 thousand merchants and approximately 150 Pos. For Equita Sim, the valuation should be in line with the previous similar operations carried out by Nexi.
The closing of the transaction is expected for second half of the year and is subject to obtaining authorizations from the competent authorities.
Nexi was assisted by Mediobanca and Rothschild as financial advisors, Bonelli Erede as lead counsel for the legal aspects of the transaction, by Legance and by KPMG for the financial and tax due diligence activities.
Bper, the closing for the purchase of Carige is expected shortly
But the spotlights of investors are focused on the bank of Modena also for the imminent acquisition of control of Carige through the purchase of 80% of the capital from the Interbank Deposit Protection Fund: the operation should be formalized within this week, according to rumors, and will be followed by the launch of the takeover bid on minority shares.
The integration of Carige into Bper, underlined Carlo Cimbri (CEO of Unipol who is the first shareholder of the Modenese bank), will be completed within the year, but according to what was reported by Il Messaggero, the Interbank Fund would have set a the signing of the closing on Friday of the operation.
Next week, on 10 June, the CEO of Bper Piero Montani will present the new business plan of the bank for the period 2022-25.
The quotations of Bper (the former Banca Popolare dell'Emilia-Romagna) on the Stock Exchange rose by 1,8% to almost 2 euros, a threshold never reached since 23 February before the start of the war in Ukraine. In the last three weeks, prices have risen by almost 30%.
