Nexi

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Nexi
Formerly
Istituto Centrale delle Banche Popolari Italiane
private società per azioni
Headquarters
  • 18 Corso Europa, Milan, Italy (nominal)
  • 57 Corso Sempione, Milan, Italy
  • 110/D via Chianesi, Rome, Italy[1]
Increase00104 million (2016)
Total assets Decrease €10.662 billion (2016)
Total equity Increase02.059 billion (2016)
Owner
Mercury UK Holdco(89.07%)
Banco BPM(02.50%)
Credito Valtellinese(02.00%)
Banca Popolare di Sondrio(02.00%)
BPER Banca(01.50%)
others(02.40%)
treasury shares(00.53%)
Parent Mercury UK Holdco Limited
Subsidiaries
Nexi Payments(98.745%)[citation needed]
Oasi(100%)
Help Line(70%)
Capital ratio 26.00% (Group's CET1 ratio, 2016-12-31)
Website www.nexi.it
Footnotes / references
in consolidated financial statement[2]

Nexi S.p.A. formerly known as Istituto Centrale delle Banche Popolari Italiane S.p.A. (ICBPI) is an Italian bank that specialise as a central institution of Italian Popular Bank. (Italian: Banca Popolare). The bank now specialise in payment systems such as Nexi Payments (it) (formerly known as CartaSi).

History[edit]

Istituto Centrale delle Banche Popolari Italiane (ICBPI) was found by Banca Popolare di Cremona, Intra, Lecco, Lodi, Luino e Varese and Verona in 1939.[3]

In 2015 the bank was acquired by a consortium of Bain Capital, Advent International and Clessidra SGR; the investment managers incorporated a SPV "Mercury Bondco plc" to issue notes to raise debt, in order to lend to sister companies: Mercury A Capital Limited, Mercury B Capital Limited and Mercury ABC Capital Limited, the parent companies of Mercury UK Holdco Limited, which in turn the parent company of ICBPI.[4]

In February 2017 ICPBI acquired the card business of Banca Monte dei Paschi di Siena for €520 million.[5]

In November 2017, the company was renamed to Nexi,[6] while its card business was renamed from CartaSi to Nexi Payments.

Shareholders[edit]

Before Mercury[edit]

Credito Valtellinese (Creval) was the largest shareholders of the bank for 20.387% as at 1 January 2015.[7]

On 18 December 2015, the shares held by Creval (18.39%), Banco Popolare (13.88%), Banca Popolare di Vicenza (9.99%), Veneto Banca (9.99%), Banca Popolare dell'Emilia Romagna (9.14%), ICCREA Holding (7.42%), Banca Popolare di Cividale (4.44%), UBI Banca (4.04%), Banca Popolare di Milano (4.00%), Banca Carige (2.20%), Banca Sella Holding (1.80%) and some minor banks,[nb 1] were sold to an intermediate holding company Mercury Italy S.r.l..[8] (an investment vehicle indirectly owned by funds advised by Bain Capital, Advent International and Clessidra SGR)[9] On 29 December 2016, Mercury Italy was merged with ICBPI, which Mercury UK Holdco Limited (parent of Mercury Italy) became the new parent company of the bank.[4]

After Mercury[edit]

After the sales in December 2015, Credito Valtellinese (Creval) retained 1.9989% as the second largest shareholders, followed by Banca Popolare di Sondrio which did not sell (1.9973%). Creval, Banco Popolare (1.5%), Banca Popolare dell'Emilia Romagna (1.5%), Banca Popolare di Milano (BPM, 1.0%), UBI Banca (1.0%), Banca Popolare di Cividale (0.7%), ICCREA Holding (0.5%), Banca Sella Holding (0.2%) collectively retained about 8.4% shares.[9]

Other than BP Sondrio, only 5 more banks did not sell the shares: Banca Popolare di Bari (BP Bari; 0.1081%), Cassa di Sovvenzioni e Risparmio fra il Personale della Banca d'Italia (0.0121%), Banca Popolare del Frusinate (0.0014%), Banca Popolare Vesuviana (0.0011%) and Cassa di Risparmio di Ferrara (Carife, 0.0009%).[10]

Since the merger of Banco Popolare and BPM on 1 January 2017, Banco BPM became the second largest shareholder of ICBPI. As BPER Banca (ex-Banca Popolare dell'Emilia Romagna) also acquired Nuova Carife, as well as the disinvestment of by Cassa di Sovvenzioni e Risparmio fra il Personale della Banca d'Italia and BP Bari, making the shareholders base of ICBPI was further reduced to 11 entities (by banking group and excluding treasury shares).[11]

Footnotes[edit]

References[edit]

  1. ^ "Come contattarci" (in Italian). ICBPI. Retrieved 24 February 2016.
  2. ^ "2016 Relazioni e Bilancio" (PDF) (in Italian). ICBPI. 2017. Retrieved 27 October 2017.
  3. ^ "La Storia" [The Story] (in Italian). Milan: Istituto Centrale delle Banche Popolari Italiane. c. 2004. Archived from the original on 4 March 2016. Retrieved 24 February 2016.
  4. ^ a b http://www.mercurybond.com/about-us/
  5. ^ "BMPS sells its merchant acquiring business to ICBPI for a consideration of Euro 520 million" (in Italian). Banca Monte dei Paschi di Siena. 3 February 2017. Retrieved 28 November 2017.
  6. ^ "Icbpi cambia nome, così sarà più "sexy"". La Repubblica (in Italian). Rome: GEDI Gruppo Editoriale. 10 November 2017. ISSN 2499-0817. Retrieved 28 November 2017.
  7. ^ "COMPOSIZIONE CAPITALE SOCIALE ICBPI AL 1 GENNAIO 2015" (PDF) (in Italian). ICBPI. 1 January 2015. Retrieved 24 February 2016.
  8. ^ "89% del Capitale Sociale di ICBPI passa a Mercury Italy S.r.l." (in Italian). ICBPI. 18 December 2015. Retrieved 24 February 2016.
  9. ^ a b "DEFINITIVE AGREEMENT FOR THE DISPOSAL OF THE MAJORITY SHARE CAPITAL OF ISTITUTO CENTRALE DELLE BANCHE POPOLARI ITALIANE" (PDF). Credito Valtellinese. 18 December 2015. Retrieved 6 March 2016.
  10. ^ "COMPOSIZIONE CAPITALE SOCIALE ICBPI AL 18 Dicembre 2015" (PDF) (in Italian). ICBPI. 18 December 2015. Retrieved 6 March 2016.
  11. ^ "COMPOSIZIONE CAPITALE SOCIALE ICBPI DAL 20.01.2017" (PDF) (in Italian). ICBPI. 20 January 2017. Retrieved 27 October 2017.

External links[edit]