HALISTER: Intesa Sanpaolo Signs Deal to Sell Setefi

Intesa Sanpaolo Signs Deal to Sell Setefi

(Bloomberg) -- Intesa enters into sale-and-purchase agreement for sale of total share capital of its subsidiaries Setefi and Intesa Sanpaolo Card to a wholly owned subsidiary of Mercury UK Holdco Limited (Mercury) for a countervalue of ~EU1.04b in cash.
  • Mercury controlled by consortium composed of Advent, Bain Capital, Clessidra
  • Deal to be complete by year end
  • Deal to generate net capital gain of ~EU895m
  • Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
ISP IM (Intesa Sanpaolo SpA)
6821Z US (Bain Capital Private Equity LP)

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