05 Feb 2025

Exploring a potential tie-up

Banca IFIS (IF:BIT), 0 | Banca IFIS S.p.A. (IF:MIL), 0

- Grimaldi Giuseppe GG
- 23 pages

Tender offer launched on Illimity On 8th January, Banca IFIS announced the launch of a tender offer on Illimity, entailing 0.1 new Banca IFIS share for every Illimity share plus a cash component of EUR1.414/share, implying c.EUR300m total consideration. An industrial combination potentially creating a stronger player... We take a detailed look into the potential business combination, and we see the potential for a good industrial fit. In our view, the combined entity may benefit from larger s ....

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Exploring a potential tie-up

Banca IFIS (IF:BIT), 0 | Banca IFIS S.p.A. (IF:MIL), 0

Published: 05 Feb 2025
Author: Grimaldi Giuseppe GG
Pages: 23

Tender offer launched on Illimity On 8th January, Banca IFIS announced the launch of a tender offer on Illimity, entailing 0.1 new Banca IFIS share for every Illimity share plus a cash component of EUR1.414/share, implying c.EUR300m total consideration. An industrial combination potentially creating a stronger player... We take a detailed look into the potential business combination, and we see the potential for a good industrial fit. In our view, the combined entity may benefit from larger s ....

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