Bper has granted Nexi an exclusive negotiation period (until April 15) as part of the “potential review of existing commercial agreements”. This can be read in a note released by Modena following press rumors in which it is specified that the exclusivity concerns “a project of potential structuring and revision of the existing agreements with its commercial partners, initiated by Bper through a competitive process” after the non-binding offer presented by Nexi.
“Commercial agreements known to the market” are already in place between Bper and Nexi, explains the Modenese group which at the moment “has not received binding offers, since the discussions between the parties are still in normal course”. The exclusive negotiations had started at the beginning of February, while the date scheduled for the agreement, initially set for the end of March, has been postponed to after April 15. The agreement is part of the consolidation strategy of the sector at a European level initiated by Nexi, which has already acquired payment activities from a series of banking partners, including Mps, Carige, Intesa and the Greek Alpha Bank.
Source: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
