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Italy's state lender CDP sees no Nexi-Worldline merger for now

By Reuters News

MILAN, Nov 3 (Reuters) - The leading investor in Italian payments group Nexi NEXII.MI said on Tuesday he did not expect it to merge with French rival Worldline in the immediate future, a possibility that has been floated in several media reports.

Nexi is currently focused on strengthening its business and executing its growth strategy, Dario Scannapieco, the chief executive of Cassa Depositi e Prestiti (CDP) told reporters on the sidelines of an event in Milan.

CDP Equity, the investment arm of CDP, holds a 27.638% stake in Nexi and plans to increase its holding to as much as 29.9% of the company's share capital.

"At the moment Nexi is focused on its own development efforts," Scannapieco said, when asked about the possibility of a tie-up between Europe's largest payments group by transaction volumes, and Worldline.

"As you have seen, it is delivering a solid performance. We are satisfied and consider it an important payments infrastructure not only for Italy but also at the European level," he added.

Asked whether Nexi's long-term future was as a standalone company, Scannapieco said that decision ultimately rested with the group's management.

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