Italy's CDP Equity Increases Stake in Nexi to 29.9% in Strategic Move

Italian state investor CDP Equity plans to raise its stake in payments group Nexi to 29.9%. Nexi shares have surged over 4.5% as a result. The move comes after buyout firm CVC considered a €9 billion bid for the Milan-listed group.

Italian state investor CDP Equity has announced plans to increase its stake in payments group Nexi to 29.9%. The strategic move is seen as a strategic play to gain control of the Milan-listed company .

Nexi shares have reacted positively to the news, rising over 4.5%. This is a clear indication of market confidence in the deal.

The move also marks a significant development after private equity firm CVC considered a €9 billion bid for Nexi . While the bid did not materialize, CDP Equity's decision to increase its stake suggests a renewed interest in the company.

Italy's CDP Equity Increases Stake in Nexi to 29.9% in Strategic Move

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