Italy's Nexi jumps as state investor CDP plans to raise stake

Nexi SpA

25/05/2026 08:49

** Shares in Nexi NEXII.MI rise more than 4% after Italian state investor CDP Equity said it planned to raise its stake in the payments group to as much as 29.9%

** CDP aims to enter derivative contracts covering 8% of Nexi's share capital, it says, while ruling out a full takeover bid

** An eventual stake increase by CDP would stabilize and support the share price, especially considering the high level of short positions against the stocks, brokerage Intermonte says in a note

** At the same time, the speculative appeal of the move is limited, as CDP's exclusion of a takeover also lowers the chance of a private equity bid aimed at delisting, the brokerage adds

** CDP currently owns 19.14% of Nexi and is its second-biggest shareholder behind private equity fund Hellman & Friedman, which holds 22.23%

** Including Monday's rise, Nexi's stock is down 16.5% YTD

(Enrico Sciacovelli)

((Enrico.sciacovelli@thomsonreuters.com))