Cassa Depositi Plans to Lift Nexi Stake to 29.9% With 8% Derivatives

1 articles · Updated · Bloomberg · May 25

CDP Equity approved steps to raise Cassa Depositi e Prestiti’s holding in Nexi to as much as 29.9%, signaling stronger state-backed support for the payments group.
The plan includes subscribing derivative contracts linked to 8% of Nexi’s share capital, providing a route to increase exposure without an immediate outright share purchase.
Cassa Depositi said the move is intended to back Nexi’s long-term strategy, deepening its role as a key shareholder in Italy’s digital payments company.

As Italy boosts its Nexi stake, is it saving a national champion or blocking a €9 billion private equity buyout?

Can state control and a new CEO revive the payments giant whose stock has collapsed since its IPO?