Le popular banks shareholders of the Luigi Luzzatti Spa enter with a significant stake in the capital of Hi-Mtf Sim. The Chairman of Luzzatti, Vito Primiceri, signed today in Rome the closing of the purchase operation of 25% of the capital of Hi-Mtf, taking over from Nexi SpA, formerly ICBPI.
The closing follows the approval of the transaction by the Bank of Italy which formally communicated its permission to Luzzatti SpA last April.
Luigi Luzzatti – which brings together 17 cooperative banks that act as intermediaries in the territories for total assets of approximately 270 billion euro and 264 billion in funding through a network of over 5.200 branches – thus joins Banca Sella, Iccrea and Aletti in the shareholding structure of Hi-Mtf, the SIM that manages the platform specialized in the negotiation of bank shares and bonds.
“The entry into the share capital of the platform also solidifies the industrial collaboration developed in recent years in terms of ownership structure. I am certain - commented Primiceri - that Luzzatti SpA will be instrumental in other important initiatives of common interest to the local banks, in addition to the one underway for the securitization of NPLs, demonstrating the renewed vitality of the sector and its ability to work as a team to increase synergies and face the challenges of the market”.
