Shareholders’ Meeting Approves Incorporation of SIA Into Nexi

The Extraordinary Shareholders’ Meeting of SIA, which met today under the chairmanship of Federico Lovadina with the participation of 96.1% of the Company’s share capital, approved the plan for the merger by incorporation of SIA into Nexi.

The completion of the merger is subject to the fulfilment of certain standard conditions precedent for transactions of this type, including the attainment of the relevant authorizations, including that of the competent Antitrust Authority.

The transaction represents a strategic opportunity to integrate the activities of SIA and Nexi, thus creating a new Italian paytech, the leader in Europe able to cover the entire digital payments value chain and serve all market segments with the most complete and innovative range of solutions.

SIA – a subsidiary of CDP Equity – is European leader in the design, creation, and management of technology infrastructures and services for Financial Institutions, Central Banks, Corporates, and the Public Sector, in the areas of Card & Merchant Solutions, Digital Payment Solutions, and Capital Market & Network Solutions. SIA Group provides its services in over 50 countries and also operates through its subsidiaries and branches in Austria, Belgium, Croatia, Czech Republic, Germany, Greece, Hungary, the Netherlands, Romania, Serbia, Slovakia, and South Africa. The company also has representation offices in the UK and Poland.

Nexi is the leading PayTech company in Italy, the reference point for digital payments in the Country. The company, listed on MTA of Borsa Italiana, operates in strong partnership with ~150 partner banks: thanks to its end-to-end omnichannel technology connects banks, merchants, and consumers with the aim of changing the way people and companies pay and collect money every day, thus accelerating the spread of digital payments and the transition to a cashless society, which is essential for the modernization of the Country. Nexi operates in three market areas: Merchant Services & Solutions, Cards & Digital Payments, and Digital Banking Solutions. Merchant Services & Solutions: Nexi, together with its partner Banks, serves c. 900,000 merchants; Cards & Digital Payments: Nexi, together with its partner Banks, manages c. 43 million payment cards; Digital Banking Solutions: Nexi manages c. 12.800 ATMs, c. 480,000 e-banking workstations and c. 900 million clearing transactions. In addition, Nexi, as a technological partner, developed the CBI S.c.p.a. open banking system, to which the main Italian banks have already adhered.