Italy’s Banca Ifis Bids $308.7 Million for Illimity Amid Sector Consolidation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2025
0mins
Source: WSJ
Banca Ifis Takeover Offer: Banca Ifis has initiated a takeover bid for Illimity Bank, valuing it at approximately $308.7 million, amidst increasing banking consolidation in Italy.
Recent Banking Deals: A series of significant deals have been announced by Italian banks, including UniCredit's surprise $10 billion offer for Banco BPM and Banco BPM's acquisition of Anima Holding, indicating potential sector reshaping by the end of 2024.
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.
