View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
December 27, 2017updated 08 Jan 2018 8:14am

CaixaBank to buy Banco BPI’s issuing and acquiring businesses

Spanish lender CaixaBank has agreed to acquire the issuing and acquiring businesses of Banco BPI for a total of €113m.

The acquisition of the issuing business was conducted through CaixaBank Payments, a subsidiary of CaixaBank. CaixaBank said that the deal, valued at €53m, will not affect its consolidated balance sheet or its capital ratios.

The acquisition of the acquiring (point of sale) business was conducted through Comercia Global Payments, where CaixaBank holds a 49% stake.The deal, valued at €60m, is expected to have a  positive immaterial impact on the consolidated balance sheet, results, and capital ratios of CaixaBank.

Both the transactions are subject to regulatory nod.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International