...February 17, 2021 MILAN (S&P Global Ratings) Feb. 17, 2021--S&P Global Ratings today said that the signing of the merger agreement between Nexi SpA (##-/Watch Pos/--) and SIA SpA and the filing for the merger of Nets A/S into Nexi to the European Antitrust are two important steps indicating that the merger processes are on track. The ratings on Nexi remain on CreditWatch, where we placed them with positive implications Oct. 8, 2020. On Feb. 11, 2021, Nexi announced the group's preliminary results as of December 2020 and that it signed a binding agreement to merge with SIA. This follows the memorandum of understanding they announced Oct. 5, 2020. Nexi also communicated it filed for the merger with Nets to the European Antitrust authority and, as of Feb. 17, 2021, it successfully priced 1 billion senior unsecured convertible notes, whose proceeds will partially refinance Nets' debt. The actions follow the binding agreement with Nets announced on Nov. 15, 2020. We believe these developments...
