Intesa Sanpaolo to Post EUR1.1 Billion Capital Gain in 2Q on Nexi Deal
June 30 2020 - 7:23AM
Dow Jones News
By Pietro Lombardi
Intesa Sanpaolo SpA will post a capital gain of about 1.1
billion euros ($1.24 billion) in the second quarter in relation to
its strategic agreement on payment systems with Nexi SpA.
The Italian bank said Tuesday that the parties have finalized
the agreement after receiving the necessary authorizations.
As part of the deal, announced in December, the Italian bank
took a 9.9% stake in the payment company.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
June 30, 2020 07:08 ET (11:08 GMT)
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