Italian banking services provider Istituto Centrale delle Banche Popolari Italiane (ICBPI), backed by Advent International, Bain Capital Europe and Clessidra, has acquired DB Cards Acquiring, the Italian merchants acquiring branch of Deutsche Bank.
ICBPI acquired the business through its sister company CartaSi for €30m. As part of the deal, CartaSi and the targeted company inked a marketing and distribution agreement of five years – extendable...
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