January 9, 2020 / 6:03 PM / 12 days ago

Mercury UK to sell 7.7% in Italy's Nexi via accelerated book building

FILE PHOTO: The logo of Italian payments group Nexi is pictured inside their headquarters in Milan, Italy, March 28, 2019. REUTERS/Alessandro Garofalo

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

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