Nexi S.p.A : A keenly awaited deal, but promising and one which should open the way for Nexi to make other deals in Europe
>Acquisition of SIA by Nexi for € 4.6bn in new shares - As we had expected, yesterday Nexi announced the acquisition of SIA for an equity value of € 4.6bn, i.e. 13.6x 2019 EBITDA (including synergies). The deal is a shade more expensive than we had expected (€ 4.6bn vs € 4.2bn), but with more recurring synergies (€ 150m vs € 100m). The group expects the deal to have a double-digit accretive impact on cash EPS in 2022 with 40-50% of synergies and 15-20% accretion with...Nexi SpA. Nexi SpA is an Italy-based financial technology company. The Company is specialized in the payment technology field offering digital services and infrastructure to banks, businesses, institutions and the public administration.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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