15 billion euro payment giant born! Italys two largest payment companies announced merger

category:Finance
 15 billion euro payment giant born! Italys two largest payment companies announced merger


After the merger, the market value of the new company will reach 15 billion euro, and CDP, the Italian state-owned bank, will hold more than 25% of the shares.

After the merger, the annual revenue of the new company will be 1.8 billion euro, and the adjusted EBITDA will be about 1 billion euro. The new company aims to become the largest payment company in Europe.

The merger of nexi and SIA is just the latest case in the wave of mergers and acquisitions in the European payment industry. With more and more powerful international competitors, the integration pressure of European local payment enterprises is also increasing.