SIA could merge with Nexi – report (translated)
15 OCT 2018
SIA, the Italian company operating in the monetics, could merge with Nexi, the Italian financial services group focused on card payment services, according to the Italian newspaper L’Economia de Il Corriere della Sera.
The report, which cites sources close to the situation, said that Cassa Depositi e Prestiti (CdP), SIA’s main shareholder, has already hired its advisor in order to consider such a merger. Following such a move, the company could also be listed, added the report.
The new entity is valued in the region of EUR 10bn and it would create synergies for EUR 100m per year, concluded the item.
A previous report noted that SIA had attracted the interest also from Poste Italiane [BIT:PST], the Italian postal service provider.