Nets Group enters into exclusive negotiations with Nexi

Nets and Nexi, two leading players in the European payments industry, are in exclusive negotiations to reach a potential binding agreement on the terms of a merger.

The transaction, which would establish a leading, pan-European PayTech provider, remains subject to reaching a binding agreement during the 10-day exclusivity period, as well as all necessary corporate and regulatory approvals.

The principles agreed envisage a merger of Nets into Nexi as an “all-share” merger with long-term lock-up commitments provided by Nets’ current shareholders. The potential combination would create the leading European player in the digital payments landscape, with unparalleled scale, technology, capabilities and product portfolio, to serve as a “one-stop-shop” to a wide range of customers. The combined company would benefit from an expanded and diversified geographic reach, broader product and services portfolio, enhanced exposure to eCommerce and lower customer concentration.

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