Finance
Italy's Nexi rejects TPG offer for digital banking assets
Published by Global Banking & Finance Review®
Posted on December 18, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 18, 2025
1 min readLast updated: January 20, 2026
Nexi has declined TPG's offer for its digital banking unit, influenced by opposition from a major shareholder. The unit is crucial for open banking and corporate services.
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)
Digital banking refers to the use of digital technology to provide banking services, allowing customers to conduct transactions and manage their accounts online or through mobile applications.
A fintech company is a business that uses technology to provide financial services, such as payment processing, lending, and investment management, often aiming to improve and automate the delivery of financial services.
Core earnings refer to the profits generated from a company's primary business operations, excluding any income from non-core activities, such as investments or asset sales.
A private equity fund is an investment vehicle that pools capital from investors to acquire equity ownership in private companies, often with the goal of improving their operations and eventually selling them for a profit.
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