Italy opens investigation into € 15 billion European fintech merger

By Daniel G. Barnes Last updated Sep 3, 2021

[ad_1]

Law360 (September 3, 2021, 4:24 p.m. EDT) – Italy’s antitrust authority has opened an investigation into the planned â‚¬ 15 billion ($ 17.6 billion) merger between European fintech companies SIA and Nexi, claiming that the merger could give the resulting company a dominant position in the digital payments space.

The two companies unveiled the merger deal in October 2020, saying they aimed to create a single company called PayTech, which would have a market capitalization of over 15 billion euros. The resulting company would be listed on the Italian Mercato Telematico Azionario and aimed to be “a European champion in digital payments,” the companies said in the announcement at the time.

At the time, …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
Create personalized alerts for specific case articles and topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

[ad_2]

Italy opens investigation into € 15 billion European fintech merger

Stay one step ahead

Related posts: