Banco BPM, Iccrea, FSI create Italy's second largest payments business
Oct 1 (Reuters) -Italy's Banco BPM BAMI.MI has finalised a partnership with Gruppo BCC Iccrea and domestic private equity fund FSI to create Numia, Italy's second largest player in the e-payments business, the three companies said in a joint press release on Tuesday.
The partnership, which was announced in July and will have a domestic market share of more than 10%, has now obtained the legal and regulatory approvals needed for the closing, the statement said.
Banco BPM, Italy's third largest bank, and Iccrea will each have a 28.6% stake in Numia group - which controls Numia - while FSI will hold around 43%.
"The partnership is an additional and essential channel for us to develop and diversify our revenue sources," Banco BPM CEO Giuseppe Castagna said.
In return for its asset contribution to the project, Banco BPM will receive 500 million euros ($556 million) with an upfront cash component of more than 200 million, plus potential additional deferred price components of up to 80 million.
The bank will get a positive impact of around 88 basis point on its fully loaded CET1 ratio due to the upfront capital gain. The 28.6% stake Banco BPM will own will reduce its CET1 ratio by 49 basis point, the press release added.
FSI, founded by former Merrill Lynch banker Maurizio Tamagnini, and unlisted bank Iccrea jointly run the BCC Pay payments business, whose name was changed into Numia on May 1.
Italy's Nexi NEXII.MI is Europe's biggest payments group by transactions processed.
($1 = 0.8994 euros)
Reporting by Alberto Chiumento
Editing by Keith Weir
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
