French retail banking group BNP Paribas is reportedly planning to offload its Italian payments business Axepta.
The bank is in talks with its advisers on the potential divestment of Axepta by early next year, Bloomberg reported citing people familiar with the matter.
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Axepta is a merchant acquiring unit that Bottom of Formspecialises in electronic payments management.
The company could be valued at €200m ($240m), the report added.
Axepta handles nearly 15 million payment transactions each month. It employs 100 people in Italy, according to its website.
Additionally, the payments arm offers payments and e-commerce advisory services to small and medium-sized enterprises (SMEs), retailers and artisans, according to Bloomberg.
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By GlobalDataNovember deals
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