Deals
Nexi Is Said to Pursue Nets in New Blockbuster Payments Play
- Milan-based Nexi is in the process of finalizing SIA deal
- Payments sector has been hotbed of dealmaking in recent years
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Nexi SpA is already hunting for its next target after agreeing a milestone payments merger with Italian rival SIA SpA, as consolidation in the sector shows little sign of easing.
Milan-based Nexi made a non-binding bid for Denmark’s Nets A/S, people familiar with the matter said, asking not to be identified because the information is private. Nets’s private-equity owners invited a select group of potential buyers to submit offers and could enter advanced talks with a preferred bidder as soon as this month, one of the people said.