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illimity Bank SpA ( (IT:ILTY) ) has shared an update.
Moody’s has placed illimity Bank’s ratings under review for a potential upgrade due to a public offer by Banca Ifis to purchase and exchange all of illimity’s shares. This development could positively impact illimity’s market position and stakeholder interests by potentially enhancing its creditworthiness and financial reputation.
More about illimity Bank SpA
illimity Bank S.p.A. is a high-tech banking group, founded by Corrado Passera, focused on providing innovative financial solutions. The bank specializes in offering credit to high-potential SMEs, managing credit investments, and providing digital banking services. It operates through its platform ARECneprix for asset management and has established alternative investment funds to support institutions and enterprises. With a significant presence on Borsa Italiana and headquartered in Milan, illimity has a strong market presence.
YTD Price Performance: 17.11%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €320.3M
Learn more about ILTY stock on TipRanks’ Stock Analysis page.
