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Intesa says signed deal to sell payments units for 1.035 billion euros

Published 02/05/2016, 07:02
Updated 02/05/2016, 07:10
© Reuters. File photo of the Intesa Sanpaolo logo seen in Milan
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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).

© Reuters. File photo of the Intesa Sanpaolo logo seen in Milan

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