[ad_1]
the Italian giant of digital payments, the largest in Europe, with a value of more than 15 billion euros. We are talking about the new topic that will emerge from merger between Nexi and Sia, which have some of the best resources and skills in the field of technology and digital innovation internationally. The majority shareholder will be Cassa Depositi e Prestiti.
Nexi-Sia, how the merger works
The merger between Nexi and Sia should occur through the incorporation of Sia into Nexi on the basis of an exchange relationship whereby shareholders of the group controlled by Cdp will receive 1.5761 shares of Nexi for each share of SIA, and current shareholders of SIA will receive about 30% of the capital of the new group, while the current shareholders of Nexi will keep about 70%.
As Europe prepares for the digital euro, the future Italian group number one in digital transitions will benefit from revenues of 1.8 billion, an Ebitda of 1 billion and an operating cash flow of 0.8 billion. However, the new group also inherits 3 billion debts, most of which date back to when Mercury acquired the old company Cartasì.
Mercury will have a total stake of 23%, while the first shareholder will be Cassa Depositi e Prestiti with 25%, which had invested in SIA already in 2014; Intesa Sanpaolo will take 7%. More than 40% of the capital would be free float in the market, characterizing the company as a public company.
Nexi-Sia, what we can pay with the new paytech
The new group is among the ten largest stocks listed on the Piazza Affari stock exchange, ranking just behind big names like Enel, Intesa Sanpaolo, FCA, Eni and Unicredit. Indeed, it will be one new italian paytech capable of covering the entire value chain of digital payments and serving all market segments.
With the new operator you can have them card issuance and management of any type, mobile payment app, solutions for digital payments B2B, open banking, e-commerce, solutions for local public transport, interbank networks, digital payment acceptance services for large and small merchants, more sophisticated solutions for omnichannel and clearing and trading services for the main Italian and international institutions.
Gualtieri satisfied
Leading the group will be Paolo Bortoluzzo, current CEO of the listed group. Thanks to the entry of Cdp into the shareholding structure as an anchor investor, the new paytech will be able to continue its growth path as a large Italian public company and contribute even more decisively, together with its partner banks, to the acceleration of the spread of payments. digitalization in Italy and the digitization and modernization of our country, for the benefit of citizens, companies and the Public Administration, explained Bortoluzzo.
Also very satisfied Minister of Economy Roberto Gualtieri, which expresses “strong appreciation” for the Sia-Nexi merger, in which is situated “a great European champion of digital payments, the Italian, who will be able to play a leading role in this strategic market, but also compete with its industry our project of digitalization of payments, innovation in public address, modernization of the country “.
[ad_2]
