Mercury UK says to sell 8.8% in Italy's Nexi

MILAN (Reuters) - Private equity vehicle Mercury UK said on Tuesday it would sell 8.8% of Italian payments group Nexi through an accelerated bookbuilding procedure.The transaction comes as Nexi advances in talks with rival SIA over a potential merger to create an Italian champion in the fast-growing payments sector.Mercury UK currently holds around 52.12% of Nexi, according to the company website, after a similar 7.7% stake placement in January.Mercury UK is owned by private equity firms Bain..