Banca Farmafactoring completed the acquisition of the remaining 24% stake in Depobank for $72m.

Banca Farmafactoring, a provider of credit management services to suppliers to the Italian public healthcare system, completed the acquisition of the remaining 24% stake in Depobank, a provider of payment processing services, for $72m. "Since its establishment, DEPObank has been a reference point for the financial system of our country, holding, in particular since 2018, a leadership position in security services and banking payment services. This role allowed DEPObank, even in an extremely complex year such as 2020, to meet the targets we had set ourselves, demonstrating great solidity and creating the best conditions to consolidate its position and continue its growth path thanks to the merger into BFF," Paolo Testi, Depobank CEO.