Nexi SpA stock rallied nearly 5.0% to trade at €3.549 after Italy's state investment vehicle CDP Equity announced plans to significantly expand its position in the digital payments company.
Italy's Cassa Depositi e Prestiti SpA disclosed plans to raise its stake in Nexi to as much as 29.9%, backing the company's long-term strategy. The move aims to support shareholding stability and does not intend to launch a takeover offer.
The decision came after private equity funds Advent and Bain Capital exited Nexi's shareholder register on May 12. Analysts at Equita described the increase in CDP's stake as 'a supportive element for the stock.'
This is the first major initiative by Fabio Barchiesi since becoming CEO of CDP Equity, aiming to strengthen Italy's influence in European digital payment infrastructure.
The rally was amplified by a positive market backdrop, with progress in US-Iran negotiations boosting European equities. Milan's Piazza Affari opened higher, reinforcing confidence in Nexi's long-term ownership stability.
