ION Group completed the acquisition of a 32% stake in Cassa di Risparmio di Volterra for c.€15m.

ION Group, a fintech services provider, completed the acquisition of a 32% stake in Cassa di Risparmio di Volterra, a banking services provider, for c.€15m. “The new shareholders have brought the necessary capital strengthening and will also be able to contribute significantly to the industrial and commercial development of the Bank. The new industrial plan, which will be drawn up within the year, will aim to create value for the territory and for members with significant investments in human resources and processes. A sincere thank you to the outgoing directors for what they have done in these difficult years also characterized by the pandemic and the Russia-Ukraine war and a warm welcome to all the new directors, certain of the contribution that a board of high skills like this one will be able to give to the relaunch plan of the Fund," Alberto Mocchi, CRV President.