U.S. stocks lower as investors rotate out of tech ahead of Jackson Hole
Investing.com -- TPG Capital LP, a private equity investment firm, has proposed to purchase the digital banking solutions unit of Nexi (BIT:NEXII) SpA, an Italian payment technology company. The offer, exceeding €800 million ($870 million), was reported by Bloomberg, disclosed by individuals knowledgeable about the matter.
Cassa Depositi e Prestiti SpA (CDP), an Italian state lender, has also expressed interest in acquiring Nexi’s digital banking unit. This interest reflects the Italian government’s perspective that the involved infrastructure could be of national strategic importance, according to these sources, who requested anonymity due to lack of permission to discuss the matter publicly.
The sources also revealed that TPG Capital might be willing to collaborate with CDP for this acquisition. However, the discussions between TPG Capital and CDP have not made significant progress yet. In addition, BFF Bank SpA, a factoring specialist, is contemplating partnering with CDP to present a competing bid for Nexi’s digital banking unit, as per some of the sources.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.