© Reuters. FILE PHOTO: Intesa Sanpaolo bank logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
MILAN (Reuters) – Intesa Sanpaolo (OTC:) said on Monday it had given mandate to sell shares in Nexi (BIT:) equivalent to up to 5.1% of the payments group’s capital, liquidating its residual stake.
Intesa had first invested in Nexi by taking an around 10% holding.
The sale will have no impact on the strategic partnership between Nexi and Italy’s biggest bank, Intesa said in a statement.
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