Banca Ifis to acquire Revalea from Mediobanca for €100m.

Banca Ifis, an Italian finance company, agreed to acquire Revalea, an non-performing loans holding company, from Mediobanca, an investment bank, for €100m. “This deal seals a long-term strategic partnership with Mediobanca, and strengthens our position in a core sector for the Group. The acquisition of Revalea testifies to Banca Ifis’s capability as a credible and high-quality partner for the Italian and European banking system,” Ernesto Fürstenberg Fassio, Banca Ifis Chairman.