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Top related persons:
Alessandro Garofalo - 1 Nexi - 1 UniCredit - 1 Andrea Orcel - 1 Bernardo Mingrone - 1 Mingrone - 1 Paolo Bertoluzzo - 1 Orcel - 1
Top related locs:
Milan Italy
Top related orgs:
REUTERS - 1 SIA - 1 Nexi - 1 Thomson - 1

Search resuls for: "Bertoluzzo"


2 mentions found


☆ Nexi CEO: happy to help UniCredit on payments but contract is set
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +2 min
The logo of Italian payments group Nexi is pictured outside their headquarters in Milan, Italy, March 28, 2019. Italian payments infrastructure group SIA in 2016 signed a 10-year contract with UniCredit to manage cards and shop payments as well as cash withdrawal machines ahead of a being acquired by Nexi, which inherited the contract. Nexi finance chief Bernardo Mingrone told an analyst call on Thursday that the contract did not envisage the possibility of an early break-up. While the contract is "very solid" and runs over the long term, Nexi is "very keen to help UniCredit achieve their ambitions in payments, which are growing," Nexi CEO Paolo Bertoluzzo added. Asked whether UniCredit might dispose of its merchant acquiring business, Bertoluzzo said he would be "very surprised" if UniCredit did anything with it.
Persons: Alessandro Garofalo, Nexi, UniCredit, Andrea Orcel, Bernardo Mingrone, Mingrone, Paolo Bertoluzzo, Orcel, Jean Pierre Mustier, Bertoluzzo Organizations: REUTERS, SIA, Nexi, Thomson Locations: Milan, Italy
☆ Nexi can play catch-up with rival Worldline
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +2 min
The logo of Italian payments group Nexi is pictured inside their headquarters in Milan, Italy, March 28, 2019. REUTERS/Alessandro GarofaloMILAN, Sept 27 (Reuters Breakingviews) - It’s time for Nexi (NEXII.MI) to close a valuation gap with rival Worldline (WLN.PA). The 11.5 billion euro Italian payments group pledged on Tuesday to boost revenue by 9% per year by 2025 and its EBITDA by 14%. Worldline’s Gilles Grapinet, who competes with Nexi to snap up European payments assets, had earmarked just 0.8 billion euros of free cash flow in its four-year plan. Despite similar growth targets, Nexi is valued less richly than Worldline.
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