Alpha Bank S.A. announced the signing of a binding agreement with Italian payments specialist Nexi S.p.A., for the establishment of a strategic partnership, in respect of Alpha Bank’s merchant acquiring business unit in Greece. The agreed business value of the transaction has been set at 307 million euros for 100% of Alpha Bank’s Card Acceptance and Transaction Clearing Sector. The closing of that deal is expected in the first half of 2022.
Upon the deal’s closing, Alpha Bank will levarage Nexi’s technologically advanced payments to promote and distribute innovative solutions to customers through its widespread network.
Our firm’s antitrust & competition team, led by Stamatis Drakakakis, partner, assisted by associates, George Vavatsioulas and Ellie Gavriilidou advised Alpha Bank with all relevant antitrust matters of the transaction.