CDP Opposes Nexi's Sale of Digital Banking Solutions

Italys state lender, CDP, opposes Nexis potential sale of a majority stake in its digital banking solutions business to TPG. CDP, a significant investor, prefers minority stakes from investors who can help Nexi grow. This move reflects a broader European trend of governments viewing digital payments as strategic, aiming to maintain control over critical financial infrastructure. Nexis shares have been trading near record lows, and the digital banking solutions business, including Italys national interbank network, is of significant strategic importance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.