Poste Italiane in Strategic Equity Realignment with Tim and Nexi
Deal News | Feb 20, 2025 | Legal Community Italy
Hogan Lovells assisted Cassa Depositi e Prestiti (CDP) in selling a 9.81% stake in Tim to Poste Italiane, and in acquiring a 3.78% stake in Nexi from Poste Italiane. This transaction allows Tim to hold a cumulative 18.25% stake in Nexi both directly and indirectly. This complex operation saw Hogan Lovells managing partner Patrizio Messina lead a specialized team of partners and associates. Maisto e associati provided fiscal advice to CDP, with partners Filippo Maisto and Cesare Silvani anchoring their counsel.
Sectors
- Legal Services
- Telecommunications
- Financial Services
Geography
- Italy – All the companies and law firms involved, such as Poste Italiane, Tim, and Cassa Depositi e Prestiti, are based in Italy.
Industry
- Legal Services – The involvement of law firms Hogan Lovells and Maisto e associati highlights the legal advisory component in the transaction.
- Telecommunications – The article involves Tim, a major telecommunications company in Italy.
- Financial Services – Nexi, involved in the transaction, operates within the financial services sector as a payment processor.
Financials
- 9.81% – The percentage of Tim's ordinary share capital sold by CDP to Poste Italiane.
- 3.78% – The percentage of Nexi's share capital acquired by CDP from Poste Italiane.
- 18.25% – The cumulative stake Tim holds in Nexi post-transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Poste Italiane | Bidding Company | Company | Poste Italiane is acquiring shares in Tim and involved in the share swap with Nexi. |
| Cassa Depositi e Prestiti (CDP) | Selling Company | Company | CDP is selling a stake in Tim and acquiring a stake in Nexi. |
| Tim | Target Company | Company | Tim is the telecommunications company whose shares are being acquired by Poste Italiane. |
| Nexi | Other Company | Company | Nexi is a financial services company involved in the transaction through the share acquisition by CDP. |
| Hogan Lovells | Legal Advisor | Company | Hogan Lovells provided legal assistance to CDP in the transaction. |
| Maisto e associati | Legal Advisor | Company | Maisto e associati provided fiscal advice to CDP in the transaction. |