Banca Ifis to acquire illimity Bank for €298m.

Banca Ifis, a specialised and diversified banking group, offered to acquire illimity Bank, an Italian banking group, for €298m. The incorporation of illimity Bank will allow Banca Ifis to strengthen its intervention in terms of sustainability in all areas, particularly social, by pursuing, even more effectively, its mission as a bank serving the development of SMEs and the financial and social re-inclusion of people.