Backed by private equity houses Advent International, Bain Capital Europe and Clessidra, Istituto Centrale delle Banche Popolari Italiane (ICBPI) has acquired the merchant payments business of Italian lender Monte dei Paschi di Siena (MPS).
According to a statement, the deal for MPS's merchant acquiring bank had an enterprise value of €520m. Additional financial details surrounding the transaction have not been disclosed and the deal is...
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