Banca IFIS has received authorisation from the Bank of Italy to purchase Credifarma SpA
Mestre (Venice), 23 May 2018 – Banca IFIS hereby announces that it has received clearance from the Bank of Italy to purchase Credifarma SpA, a company that provides financing to pharmacies.
Closure of this transaction, which merges Credifarma SpA into the Banca IFIS Group, should occur during the summer. The following simultaneous phases are envisaged:
1) Acquisition of all the shares held by UniCredit and BNL – BNP Paribas Group, equal to a total of 32,5% of Credifarma’s share capital;
2) Purchase of a part of the current stake held by Federfarma, standing at 21,5 % of Credifarma’s share capital;
3) A capital increase reserved for Banca IFIS, aimed at providing Credifarma with a solid capital base for regulatory purposes and for future development plans.
Upon conclusion of the transaction, Credifarma will be 70% owned by Banca IFIS and 30% by Federfarma.
All the transaction details can be found in the press release announcing the deal, available by clicking here.