(Reuters) — Italy’s Intesa Sanpaolo (ISP.MI) said on Monday it has signed a deal to sell its payments units Setefi and Intesa Sanpaolo Card to private equity firms Advent, Bain Capital and Clessidra in a deal worth 1.035 billion euros ($1.2 billion).
Under the final deal, which confirms what sources told Reuters on Thursday, the bank will pocket a net capital gain of 895 million euros.
Advent, Bain Capital and Clessidra already own bank services group Istituto Centrale delle Banche Popolari (ICBPI).
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