Nexi S.p.A : Nexi+SIA and now Nets, 2 truly transformative deals – Buy recommendation maintained
>Announcement of the acquisition of Nets for € 7.8bn (20.5x 2020e EBITDA and 14.6x post-synergies and earn-out) - Yesterday evening, Nexi announced, at the end of the extended exclusive negotiation period, the acquisition of Nets for an enterprise value of € 7.8bn (vs € 8.5bn according to initial press reports), including shareholders’ equity of € 6bn and debt of €1.8bn. The resultant group, after the acquisition of SIA and Nets, would generate sales of ~€ 2.9bn and p...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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