CDP Equity reaches a final agreement for the merger of SIA into Nexi

Banca Akros acted as financial advisor to CDP Equity

Milan, 12/02/2021 – CDP Equity has reached a final agreement for the merger of SIA (a leading company in the design, implementation and management of technology infrastructure and services dedicated to Financial Institutions, Central Banks, Enterprises and Public Administrations), into NEXI, a company listed on the MTA market of the Borsa Italiana and Italy’s leading PayTech company, with the aim of creating the European leader in the PayTech sector.

The agreement provides that, if the closing of the merger of Nets (a Danish company that offers payment services to financial institutions, businesses and merchants throughout Europe) into Nexi occurs prior to the closing of the transaction with SIA, CDP Equity will have the right to approve a share capital increase in SIA in order to offset the dilutive effect on its prospective participation in the share capital of Nexi as a result of the closing of the Nets Transaction.

Banca Akros acted as financial advisor to CDP Equity S.p.A. and prepared the fairness opinion on the exchange rate for the proposed merger.

The transaction confirms Banca Akros’ focus on the PayTech sector, thanks also to its role in 2019 as Sponsor and Joint Bookrunner in the Nexi IPO and Joint Bookrunner in the placement of the Nexi POC in 2020.

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