Banca IFIS has filed the merger projects of IFIS Factoring and Interbanca The mergers completion is expected in August and October 2017
- Banca IFIS S.p.A.
- Gruppo Banca IFIS
- Gruppo Bancario Interbanca
- Interbanca S.p.A.
The CEO Giovanni Bossi: “The strategic roadmap has been respected”.
Mestre (Venice), 7th June 2017 – In relation to the acquisition of the former GE Capital Interbanca Group announced on 28th July 2016 and finalised on 30th November 2016, Banca IFIS announces that today – following the authorisation received by the Bank of Italy – the merger projects of Interbanca S.p.A. and IFIS Factoring S.r.l. into Banca IFIS S.p.A were filed.
The merger of IFIS factoring S.r.l. will be presumably completed in August 2017 and the merger of Interbanca S.p.A. in October 2017.
The merger projects fit into Banca IFIS’s broader growth and development strategy, already declared at the closing of the acquisition of the former GE Capital Interbanca Group. The rationalization of the Group’s structure and of its internal organizational set-ups will enable greater fluidity both in the operations and in the decision making, increasing integration levels, efficiency and income. The merger of IFIS Leasing S.p.A. will be completed within 2018.
As required by the applicable regulation, the documents related to the merger is available at the companies’ registered offices, on Banca IFIS’s official website (www.bancaifis.it) in the “Information documents” and “Financial Statements and Reports” sections. Documents are also available on the IFIS Factoring’s website (www.ifisfactoring.it), Interbanca’s website (www.interbanca.it) and on the authorized storage systems (www.emarketstorage.com and www.1info.it).
- Plan for merging Interbanca S.p.A. into Banca IFIS S.p.A.
- Plan for merging IFIS Factoring S.r.l. into Banca IFIS S.p.A.