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CDP Equity and FSIA completed the acquisition of Sia from F2i, HAT, Intesa Sanpaolo and UniCredit for €2.6bn.

Synopsis

CDP Equity, a holding company, and FSIA, a company held 70% by FSI Investimenti and 30% by Poste Italiane, completed the acquisition of Sia, provider of financial technology solutions, from F2i, HAT, Intesa Sanpaolo and UniCredit. The transaction was conducted the basis of an equity value of SIA of €2.4bn and on an enterprise value of c.€3.2bn. CDP Equity has acquired from F2i 17.05% and from HAT 8.64% of SIA, becoming the owner of 25.69% of the company, while FSIA has acquired the shares held by UniCredit and Intesa Sanpaolo, equal to 3.97% each, increasing their stake in the shareholding from 49.5% to 57.5%. "Underlined that CDP will continue in its strategy of developing and strengthening SIA, since that of payments and financial transactions is a strategic and highly innovative sector. The acquisition of these further stakes also serves to offer more effective strategic options in order to maximize the value of the investment, the technological benefits and the creation of jobs in Italy," Pierpaolo Di Stefano, CDP Equity CEO.

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