MILAN (Reuters) - Italy's Intesa Sanpaolo (MI:ISP) said on Monday it has signed a deal to sell its payments units Setefi and Intesa Sanpaolo Card to private equity firms Advent, Bain Capital and Clessidra in a deal worth 1.035 billion euros (821.3 million pounds).
Under the final deal, which confirms what sources told Reuters on Thursday, the bank will pocket a net capital gain of 895 million euros.
Advent, Bain Capital and Clessidra already own bank services group Istituto Centrale delle Banche Popolari (ICBPI).