Italy's CDP Maintains Stake in Nexi Amid Private Equity Buyout Talks
CDP's Position and Private Equity Interest in Nexi
CDP's Current Stake and Strategy
ROME, April 29 (Reuters) - Italy's state lender Cassa Depositi e Prestiti (CDP) has no plans to divest from payments group Nexi <NEXII.Mi>, two sources familiar with the matter said on Wednesday.
Private Equity Buyout Exploration
Private equity firm CVC Capital is in the early stages of exploring a bid to take the company private, a separate source told Reuters, confirming an earlier report by the Financial Times.
Ownership Details and Market Reaction
Treasury-controlled CDP owns around 19% of Nexi through its unit CDP Equity.
Nexi shares, which climbed more than 6% on Wednesday, trimmed earlier gains after the Reuters report. They were up 3.5% at 1000 GMT.
Communication Between Parties
One of the first two sources said there had been no contact between CDP and CVC.
Additional Information
($1 = 0.8548 euros)
(Reporting by Giuseppe Fonte, Elvira Pollina and Amy-Jo Crowley, editing by Alvise Armellini and Louise Heavens)
