Banca Ifis: Illimity Bank to be delisted Sept. 19

Banca Ifis: Illimity Bank to be delisted Sept. 19

The acquisition of Illimity Bank by Banca Ifis is nearing its completion. The Italian financial institution has successfully concluded the first phase of the operation, which involved the sale of Illimity's shares. According to Banca Ifis, the sell-out phase has reached an impressive 95% of the capital, setting the stage for the next step in the integration process.

The squeeze-out phase, which involves the forced purchase of the remaining shares, is expected to finalize the acquisition. This will lead to the delisting of Illimity from the Italian stock exchange, Piazza Affari, by September 19, 2025. This marks a significant milestone in the integration of the two institutions, with the payment for the acquired shares scheduled for September 5, 2025.

The successful completion of this operation underscores Banca Ifis' strategic goal of expanding its portfolio and strengthening its market position. The integration of Illimity Bank into the Banca Ifis group is expected to bring operational efficiencies and broader financial services to both institutions' customers.

References:
[1] https://www.creditvillage.news/2025/09/01/banca-ifis-verso-il-traguardo-finale-nellopa-su-illimity/