Italy Payments Deal Trades Value for State Power

Reading Time: < 1 minute

The Italian state has planted its investment flag in another important industry. Local payments group Nexi’s all-share deal to buy state-controlled Sia will create a 15 billion euro domestic champion ready to expand abroad. Sovereign wealth fund Cassa Depositi e Prestiti, which will own 25% of the combined group, appears to be trading value for future board influence. 

View and Download your free edition of CD Pro here:

Once you're here...

%d bloggers like this: