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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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.
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.
