On July 1, 2021, Nexi SpA completed its merger with Nets. On June 21, 2021, Nexi and SIA also received shareholders' approval to merge the two companies. The SIA merger is still pending regulatory approval and is expected to close by third-quarter 2021, in line with previous announcements. As we previously said on Nov. 23, 2020, we believe Nexi's creditworthiness will benefit from both mergers. The 'BB-' ratings on Nexi remain on CreditWatch with positive implications pending finalization of the SIA merger. We intend to resolve the CreditWatch once we have confirmation that the parties have finalized the merger between Nexi and SIA. This is pending necessary approvals, including regulatory and antitrust. We could raise the long-term issuer credit rating
