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An announcement from illimity Bank SpA ( (IT:ILTY) ) is now available.
Fitch Ratings has confirmed all ratings for illimity Bank S.p.A., maintaining its Long-Term Issuer Default Rating at ‘BB-‘ while revising the outlook to Rating Watch Positive. This change follows Banca Ifis’s announcement of a voluntary Public Tender and Exchange Offer for all illimity shares, potentially impacting the bank’s future operations and market positioning.
More about illimity Bank SpA
illimity Bank S.p.A. is a banking group led by Corrado Passera, specializing in providing performing loans to SMEs, restructuring, turnarounds, and investment banking services. The bank covers the entire value chain in credit management and includes illimity SGR, which manages alternative investment funds. Founded in January 2018, illimity was created through the acquisition of Banca Interprovinciale S.p.A. and has been listed on Borsa Italiana since 2019.
YTD Price Performance: -4.00%
Technical Sentiment Signal: Strong Buy
Current Market Cap: €263.8M
See more insights into ILTY stock on TipRanks’ Stock Analysis page.