MILAN (Reuters) - Mercury UK - a vehicle of private equity firms Bain Capital, Advent International and Clessidra - said on Thursday it was offering shares equal to 7.7% in Italian payment group Nexi (NEXII.MI) to institutional investors.
The stake, which is made of 48.5 million shares, has a value of around 600 million euros (510.2 million pounds), Mercury UK said in a statement, adding it would sell it through an accelerated book building.
Mercury UK currently holds a stake of around 60.1% in Nexi, Italy’s stock exchange regulator website showed.
The exact price at which the shares will be sold will be communicated at the end of the transaction.
Reporting by Elisa Anzolin; writing by Francesca Landini, editing by Giulia Segreti