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illimity Bank SpA ( (IT:ILTY) ) has issued an update.
Illimity Bank S.p.A. has appointed Jefferies and Wepartners as financial advisors and several legal consultants for a voluntary public purchase and exchange offer by Banca Ifis. The bank’s activities continue with these advisors’ support to explore strategic options that create value for shareholders and stakeholders.
More about illimity Bank SpA
Illimity Bank S.p.A. is a high-tech banking group founded and led by Corrado Passera, focusing on providing credit to high-potential SMEs through an innovative and specialized business model. The bank integrates investment, financing, and servicing in credit management, managed through its asset management platform, ARECneprix, and offers digital banking services via illimitybank.com. Illimity also manages three Alternative Investment Funds to support institutions and businesses. Established from the merger of SPAXS S.p.A. and Banca Interprovinciale S.p.A., Illimity Bank is listed on Borsa Italiana.
YTD Price Performance: 13.23%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €316.7M
For a thorough assessment of ILTY stock, go to TipRanks’ Stock Analysis page.
