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illimity Bank SpA ( (IT:ILTY) ) has provided an announcement.
illimity Bank S.p.A. announced that its Board of Directors will meet on May 15 to analyze the Issuer’s Statement concerning the voluntary public purchase and exchange offer (OPAS) initiated by Banca Ifis S.p.A. on all illimity shares. This meeting is crucial as it will determine the bank’s response to the offer, which could significantly impact its market position and shareholder interests. The outcome of this meeting and subsequent publication of the Issuer’s Statement by May 16 will be closely watched by stakeholders.
More about illimity Bank SpA
illimity Bank S.p.A. is a banking group led by Corrado Passera, specializing in providing credit to SMEs, particularly in performing, restructuring, and relaunching sectors, as well as offering investment banking services. The group is involved in the entire credit management value chain and includes illimity SGR, which manages Alternative Investment Funds to support institutions and companies. Established in 2018, illimity was formed through the merger of SPAXS S.p.A. and Banca Interprovinciale S.p.A., and it has been listed on Borsa Italiana since 2019.
Average Trading Volume: 231,751
Technical Sentiment Signal: Sell
Current Market Cap: €299.8M
For an in-depth examination of ILTY stock, go to TipRanks’ Stock Analysis page.