Nexi to acquire an 80% stake in Paycomet from Banco Sabadell for €280m.

Nexi, a payment services provider, agreed to acquire an 80% stake in Paycomet, a fintech company, from Banco Sabadell, a multinational financial services company, for €280m ($297m). "We are very proud to have been chosen by Banco Sabadell, the best possible Spanish strategic partner, for our deep product and technology capabilities. With this partnership we enter, from a strong position, Spain, a market that we have always considered highly attractive for digital payments with great potential for further profitable and sustainable long-term growth, quite similarly to Italy. We have strong confidence on the combined capabilities of our teams and their willingness to drive strong growth together," Paolo Bertoluzzo, Nexi CEO.