Italy's Tinexta denies interest in merger with Prelios

MILAN : Italian digital services group Tinexta said on Tuesday it was not interested in a deal with debt servicing firm Prelios after Il Messaggero newspaper reported the companies were looking to merge.Shares in Tinexta initially fell more than 7per cent on the Milan bourse after the report. By 1425 GMT the shares were down 4.5per cent at 36.48 euros.

Tinexta, which provides services including electronic invoicing and digital signatures, said in a statement it was still"always interested in evaluating various strategic opportunities". The group, which is controlled by some Italian chambers of commerce, confirmed it was committed"to pursue deals capable of increasing value for all shareholders".

Chief Executive Pier Andrea Chevallard said in an interview with Reuters in October that the group targeted digital services or advisory companies outside of Italy.

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