Cassa Depositi e Prestiti Approves Stake Sale in TIM and Acquisition in Nexi

Deal News | Feb 15, 2025 | Cassa Depositi e Prestiti SpA

The Board of Directors of Cassa Depositi e Prestiti (CDP) has approved important changes in its holdings. In a recent extraordinary session, the board decided to sell a 9.81% stake in TIM's ordinary shares to Poste Italiane. Concurrently, CDP decided to acquire a 3.78% stake in Nexi from Poste Italiane. This move increases CDP's holding in Nexi to 18.25%, emphasizing its commitment to support the industrial strategy of Nexi, a leading European provider of digital payment infrastructure. Since its founding four years ago, Nexi has been strategically allied with CDP.

Sectors

  • Private Equity
  • Telecommunications
  • Digital Payments

Geography

  • Italy – The transactions involve Italian companies and take place within the Italian market.

Industry

  • Private Equity – The transaction involves a private equity firm, Cassa Depositi e Prestiti, engaging in strategic acquisitions and sales.
  • Telecommunications – The sale of the stake in TIM, a telecommunications company, falls under this industry.
  • Digital Payments – The acquisition of shares in Nexi, a digital payment infrastructure provider, relates to this sector.

Financials

  • 9.81% – The percentage stake in TIM that CDP decided to sell to Poste Italiane.
  • 3.78% – The percentage stake in Nexi that CDP acquired from Poste Italiane.
  • 18.25% – CDP's increased total shareholding percentage in Nexi after the transaction.

Participants

NameRoleTypeDescription
Cassa Depositi e Prestiti SpAPrivate Equity FirmCompanyCDP is a prominent Italian investment firm making strategic investments to develop Italy's economic infrastructure.
Poste ItalianeBuyer and SellerCompanyPoste Italiane is involved in both acquiring the TIM stake and selling the Nexi stake.
TIMTarget CompanyCompanyTIM is a major telecommunications company in Italy.
NexiTarget CompanyCompanyNexi is a European leader in digital payment infrastructure.