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Mestre/Florence, 8 September 2011. The Boards of Directors of Banca IFIS S.p.A. and Toscana Finanza S.p.A., met today to approve the merger by incorporation of Toscana Finanza into Banca IFIS and the relevant Directors’ Report.
Called Banca IFIS Board for the Merger with incorporation of Toscana Finanza
Faster margin growth and higher Core Tier 1 indicators. Record profits and increased equity confirm the Bank’s excellent solidity.
Extension of this Agreement is part of the pending clearance procedures currently being carried by the applicable authorities. Such clearance procedures will presumably have been concluded by the newly negotiated deadline terms, hence allowing the company to act upon the Bid.