Research Update: Italy-Based Nexi SpA Rating Maintained On CreditWatch Positive On Agreed Merger With Nets A/S - S&P Global Ratings’ Credit Research

Research Update: Italy-Based Nexi SpA Rating Maintained On CreditWatch Positive On Agreed Merger With Nets A/S

Research Update: Italy-Based Nexi SpA Rating Maintained On CreditWatch Positive On Agreed Merger With Nets A/S - S&P Global Ratings’ Credit Research
Research Update: Italy-Based Nexi SpA Rating Maintained On CreditWatch Positive On Agreed Merger With Nets A/S
Published Nov 23, 2020
5 pages (2270 words) — Published Nov 23, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Nov. 15, 2020, Nexi SpA and Denmark-based Nets A/S announced that they have signed a binding framework agreement for all-share merger of Nets into Nexi. The announcement follows that on Oct. 5, 2020, when Nexi announced that it had agreed to merge with Italy-based SIA SpA. We believe the group resulting from the two mergers would have significantly greater geographic and product diversification compared with Nexi as a stand-alone entity. We are maintaining our 'BB-' issuer and issue ratings on Nexi on CreditWatch with positive implications. We intend to resolve the CreditWatch once we have confirmation that the parties involved in the two transactions have finalized the merger agreements and received shareholder, regulatory, and antitrust approvals. The decision to

  
Brief Excerpt:

...- On Nov. 15, 2020, Nexi SpA and Denmark-based Nets A/S announced that they have signed a binding framework agreement for all-share merger of Nets into Nexi. - The announcement follows that on Oct. 5, 2020, when Nexi announced that it had agreed to merge with Italy-based SIA SpA. - We believe the group resulting from the two mergers would have significantly greater geographic and product diversification compared with Nexi as a stand-alone entity. - We are maintaining our '##-' issuer and issue ratings on Nexi on CreditWatch with positive implications. - We intend to resolve the CreditWatch once we have confirmation that the parties involved in the two transactions have finalized the merger agreements and received shareholder, regulatory, and antitrust approvals....

  
Report Type:

Research Update

Issuer
Nexi SpA
Sector
Global Issuers
Country
Italy
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Italy-Based Nexi SpA Rating Maintained On CreditWatch Positive On Agreed Merger With Nets A/S" Nov 23, 2020. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Italy-Based-Nexi-SpA-Rating-Maintained-On-CreditWatch-Positive-On-Agreed-Merger-With-Nets-A-S-2559956>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Italy-Based Nexi SpA Rating Maintained On CreditWatch Positive On Agreed Merger With Nets A/S Nov 23, 2020. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Italy-Based-Nexi-SpA-Rating-Maintained-On-CreditWatch-Positive-On-Agreed-Merger-With-Nets-A-S-2559956>
  
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