Italy’s Banca Ifis Bids $308 Million for Illimity Amid Sector Consolidation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2025
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Should l Buy ?
Source: WSJ
Banca Ifis Takeover Offer: Banca Ifis has initiated a takeover bid for Illimity Bank, valuing the latter at approximately $308 million, amidst increasing banking consolidation in Italy.
Major Banking Deals: Italian banks are engaging in significant mergers and acquisitions, with UniCredit making a surprise $10 billion offer for Banco BPM to become the largest bank in Italy, while Banco BPM is also pursuing Anima Holding and investing in Banca Monte dei Paschi di Siena.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
