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Home > Finance > Italy's Nexi rejects TPG offer for digital banking assets

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Italy's Nexi rejects TPG offer for digital banking assets

Published by Global Banking and Finance Review

Posted on December 18, 2025

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Dec ‌18 (Reuters) - Italian fintech company Nexi ‍said ‌on Thursday it will not proceed ⁠with U.S. ‌private equity fund TPG's offer to buy its digital banking unit.

"Following ⁠the analysis carried out and after careful consideration, the board resolved not ‌to proceed ⁠with the proposed transaction," Nexi said in a statement, without giving any more details.

Nexi's second largest shareholder, Italy's Cassa Depositi e Prestiti, had opposed the sale ‍of a majority stake in the unit to TPG, sources had told Reuters in November.

The digital banking unit provides technology solutions for open banking, ⁠corporate banking services and interbank clearing systems. It generated core earnings of 155 million euros for Nexi in 2025.

(Reporting by Rajveer ‌Singh Pardesi and Ananya Palyekar in Bengaluru; Editing by Shailesh Kuber)

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