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Banca Ifis
M&A Activity • Oct 31, 2023
4153_rns_2023-10-31_3d544919-d0a2-4632-b7dd-cfccc066ec12.pdf
M&A Activity
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| Informazione Regolamentata n. 0147-49-2023 |
Data/Ora Inizio Diffusione 31 Ottobre 2023 17:47:15 |
Euronext Star Milan | |
|---|---|---|---|
| Societa' | : | BANCA IFIS | |
| Identificativo Informazione Regolamentata |
: | 182773 | |
| Nome utilizzatore | : | IFISN07 - DA RIO | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 31 Ottobre 2023 17:47:14 | |
| Data/Ora Inizio Diffusione |
: | 31 Ottobre 2023 17:47:15 | |
| Oggetto | : | Banca Ifis and the Mediobanca Group complete their industrial partnership in the NPL business |
|
| Testo del comunicato |
Vedi allegato.
Banca Ifis and the Mediobanca Group complete their industrial partnership in the NPL business
Milan, 31st October 2023 – Banca Ifis and the Mediobanca Group have today completed the long-term partnership agreement to manage non-performing loans (NPLs) signed in May 2023.
Once the necessary regulatory authorizations had been obtained, Banca Ifis acquired Revalea S.p.A., the company set up in 2022 following the spinoff of assets deriving from the NPL portfolio acquisition business with a gross book value of €6.5bn1 and a net book value of €232.1m,1 from the Mediobanca Group for a consideration of €100m.
The deal consolidates Banca Ifis's position as a reference player in the NPL market, in the small tickets unsecured segment in particular, and enables Mediobanca to exit the NPL business which is no longer a core business for the Group, as well as consolidating MBCredit Solutions' specialization in credit management and recovery, being able to count on constant business volumes for the next few years. With the deal's completion, a long-term servicing agreement between the parties has come into force, whereby MBCredit Solutions will continue to support Banca Ifis in managing and recovering bad debts and NPLs.
Under the terms of the acquisition, 18 Revalea emmployees1 will move to bolster the Banca Ifis team.
Rosalba Benedetto Head of Communication, Marketing, Public Affairs & Sustainability Banca Ifis S.p.A.
Davide Tammaro Head of Brand, Corporate Reputation & Sustainability [email protected] +39 366 6258525
Martino Da Rio Head of IR and Corporate Development Banca Ifis S.p.A. +39 02 24129953
Davide Pastore Head of Media Relations [email protected] +39 337 1115357
1 Data as at 30/09/2023
1