SIA leaning towards Nexi merger over IPO say sources

By Sam Kerr
22 Jun 2020

Bankers close to SIA, the state-owned Italian payments company, say they expect that it is more likely to pursue a merger with fellow Italian payments company Nexi rather than a listing in Milan this year. However, GlobalCapital understands that SIA is still running a dual-track process, meaning hopes of a public sale are not dead yet.

SIA held pitch meetings for its possible listing in Milan in February with bankers and, as Covid-19 first struck the country, it was among the first to host them virtually.

The Italian government controls SIA through CDP Equity and Poste Italiane. CDP Equity is a holding company of ...

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