Il government gave his approval to theBelt launched by Bank Ifis su unlimited Banks. With the resolution transmitted to the bank led by Ernesto Fürstenberg Fassio, the Presidency of the Council of Ministers accepted the proposal of the Ministry of Economy and Finance of do not exercise the special powers provided for by the legislation on Golden Power. A decisive step, which, after the Antitrust green light, paves the way for the operation.
Takeover bid confirmed, waiting for Consob document
The authorization, received on March 14, 2025, therefore confirms the effectiveness of the Opas, with which Banca Ifis aims to acquire the entire share capital of illimity. The offer, announced in January, provides for a consideration of €3,55 per share, composed of 0,10 newly issued shares and one components in even money at 1,414 euros, for a total value of 298,49 million euros.
At this point, the focus shifts to the document of offer, deposited at Consob January 27, 2025 and pending publication. In the meantime, with the certainty that the operation can proceed without constraints, the bank confirmed today, Monday, March 17, that the condition for the effectiveness of the offer has been met. And the markets? Both stocks are trading in positive territory: Bank Ifis +0,46% to 21,78 euros per share; Illimity +0,74% to 3,53 euros per share.
