UPDATE 1- Italy's Nexi says tie-up talks with SIA still at preliminary stage [Reuters]
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Source: Reuters
UPDATE 1- Italy's Nexi says tie-up talks with SIA still at preliminary stage (Adds CEO comments from conference call) MILAN, Feb 12 (Reuters) - Talks about a possible tie-up between Italian payment group Nexi and its smaller rival SIA are still at a preliminary stage, Nexi’s chief executive said on Wednesday. In December Nexi’s top shareholder Mercury UK said it was in contact with SIA over a possible merger but had not progressed beyond a very preliminary phase. “We are still at that stage,” Nexi CEO Paolo Bertoluzzo told analysts in a post earnings conference call. There has been speculation the pair might merge since Nexi listed last April in one of Europe’s biggest initial public offerings (IPOs) of the year. Among other deals in the European payments industry, Worldline agreed earlier this month to buy French rival Ingenico for 7.8 billion euros. Last week SIA, controlled by state-owned investment body CDP, said it had started preparations for a listing on the Milan stock market,
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