Italy's Intesa to sell 654 million euro stake in payments group Nexi
Source: Reuters
MILAN, Nov 14 (Reuters) - Italy's Intesa Sanpaolo (ISP.MI) said on Monday it was selling its entire 5.1% stake in Nexi (NEXII.MI), in an effort to cash in on a recent rally in shares of the payments group.Intesa agreed to a 25-year partnership as part of the Italian bank's 2020 sale of its retailers' payments business to Nexi.Intesa said in a statement that the sale of the stake would have no impact on its…
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