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Italy's CDP to raise stake in Nexi to up to 29.9%

ROME, May 25 (Reuters) - Italian state lender CDP, through its unit CDP Equity, plans to raise its stake in payment group Nexi NEXII.MI to up to 29.9% from its current 19.14%, it said on Monday.

CDP Equity has no plans to launch a takeover bid, the Treasury-controlled group said in a statement, adding that it had signed off on derivative contracts for up to 8% of Nexi.

 (Reporting by Giuseppe Fonte, editing by Alvise Armellini)

 ((giuseppe.fonte@thomsonreuters.com; +390680307711;))

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