Nexi completed the acquisition of a 51% stake in Alpha Bank's merchant acquiring business for €188m.

Nexi, an Italian bank, completed the acquisition of a 51% stake in the merchant acquiring business of Alpha Bank, a Greek bank, for €157m. Alpha Bank is entitled to receive an additional payment of up to €31m, subject to achieving certain targets in the first four years of operations. The transaction is expected to close in Q1 2022. "We will be providing to citizens, merchants and public administration an offer of innovative and technologically advanced solutions and services with the aim of making digital payments a daily experience that benefits the whole system. This agreement, in line with our selective investment strategy in markets with high-growth potential, represents a further step towards our path of creating value in a highly competitive and rapidly consolidating market," Paolo Bertoluzzo, Nexi CEO.