Italy's Tinexta denies interest in merger with Prelios

Tinexta SpA

04/01/2022 14:53

MILAN, Jan 4 (Reuters) - Italian digital services group
Tinexta  TNXT.MI  said on Tuesday it was not interested in a
deal with debt servicing firm Prelios after Il Messaggero
newspaper reported the companies were looking to merge.
    Il Messaggero reported negotiations with Prelios were at a
preliminary phase.
    Shares in Tinexta initially fell more than 7% on the Milan
bourse after the report. By 1425 GMT the shares were down 4.5%
at 36.48 euros.
    Tinexta, which provides services including electronic
invoicing and digital signatures, said in a statement it was
still "always interested in evaluating various strategic
opportunities".
    The group, which is controlled by some Italian chambers of
commerce, confirmed it was committed "to pursue deals capable of
increasing value for all shareholders".
    Chief Executive Pier Andrea Chevallard said in an interview
with Reuters in October that the group targeted digital services
or advisory companies outside of Italy.  urn:newsml:reuters.com:*:nS8N2GW01C


 (Reporting by Elvira Pollina; Editing by Susan Fenton)
 ((elvira.pollina@thomsonreuters.com;))