Italy State Lender CDP to Keep Nexi Stake Amid CVC Bid
Italy's state lender CDP has no plans to divest its 19% stake in Nexi despite interest from CVC Capital. The firm is exploring a bid to take the group private.
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Italy state lender Cassa Depositi e Prestiti (CDP) will keep its 19% stake in NEXI SPA despite buyout interest. CVC CAPITAL PARTNERS PLC is exploring a bid to take the payments firm private. CDP's 19% stake acts as a hurdle for any deal requiring full control of the Milan-based firm.
