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The latest update is out from illimity Bank SpA ( (IT:ILTY) ).
illimity Bank S.p.A. announced that its CEO, Corrado Passera, will tender his shares into a public exchange and purchase offer launched by Banca Ifis S.p.A., which targets all of illimity’s ordinary shares. This move could significantly impact illimity’s market positioning and shareholder dynamics, reflecting strategic shifts within the company and potentially affecting its stakeholders.
The most recent analyst rating on (IT:ILTY) stock is a Hold with a EUR5.70 price target. To see the full list of analyst forecasts on illimity Bank SpA stock, see the IT:ILTY Stock Forecast page.
More about illimity Bank SpA
illimity Bank S.p.A. is a banking group led by Corrado Passera, specializing in offering credit to SMEs in performing, restructuring, and relaunching, as well as providing investment banking services. The group also engages in credit management and asset management through ARECneprix and manages Alternative Investment Funds via illimity SGR. Established from the merger of SPAXS S.p.A. and Banca Interprovinciale S.p.A., illimity has been listed on Borsa Italiana since 2019.
Average Trading Volume: 269,431
Technical Sentiment Signal: Strong Sell
Current Market Cap: €289.7M
See more data about ILTY stock on TipRanks’ Stock Analysis page.