Schoenherr, working with Legance, has advised Nexi on its agreement with Privredna Banka Zagreb and Intesa Sanpaolo-controlled company PBZ Card to purchase PBZ Card’s merchant acquiring business in Croatia for EUR 180 million. Reportedly, PwC Legal and KPMG Legal advised Intesa Sanpaolo.
Founded in 1939, Nexi is a payment services provider offering merchant acquiring, card issuing, and digital banking services in Europe. The company’s services cover the entire payment chain, excluding the card scheme. It offers its acquiring and issuing services in partnerships with banks, providing point-of-sale terminals, processing or issuing services on their behalf, or directly to merchants.
Intesa Sanpaolo is an Italian banking group offering its services to 13.5 million customers via a network of more than 3,700 branches.
Schoenherr’s team included Partners Vladimir Cizek and Christoph Haid, Local Partner Ivan Einwalter, Attorneys Ana Mihaljevic and Dina Vlahov Buhin, and Associate Alan Vuckovecki.