Banca Ifis

M&A Activity • Apr 10, 2020

Informazione Regolamentata n. 0147-39-2020		Data/Ora Ricezione 10 Aprile 2020 16:31:00	MTA - Star
Societa'	:	BANCA IFIS
Identificativo Informazione Regolamentata	:	130643
Nome utilizzatore	:	IFISN01 - DA RIO
Tipologia	:	REGEM; 2.2
Data/Ora Ricezione	:	10 Aprile 2020 16:31:00
Data/Ora Inizio Diffusione presunta	:	10 Aprile 2020 16:31:02
Oggetto	:	Binding offer made for acquisition of 70,77% interest in Farbanca SpA
Testo del comunicato

Vedi allegato.

Binding offer made for acquisition of 70,77% interest in Farbanca SpA

Mestre (Venice), 10 April 2020 – Today Banca IFIS presented a binding offer for the acquisition of 70,77% of the share capital of Farbanca SpA, a company owned by Banca Popolare di Vicenza, in compulsory administrative liquidation. The remaining 29,23% is held by 450 small shareholders, mainly pharmacists. The offer is valid for 90 days and is subject to obtaining the necessary authorisation.

"The initiative is part of our Group's growth process, characterised by constant reinforcement of our presence on our target markets" explained Luciano Colombini, Banca IFIS's CEO.

Over the years, Banca IFIS has established a significant presence in the pharmaceutical sector, from both a market and credit standpoint. The possible acquisition of Farbanca is an opportunity for Banca IFIS to consolidate its position of leadership in the sector, including through potential synergies at Group level with Credifarma, a specialist financial operator 70% owned by Banca IFIS and 30% by Federfarma".

Farbanca, founded in 1997, reported a net profit of 4,1 million Euro in 2019 with trade receivables of approximately 598 million Euro. As at 31 December 2019, it had equity of 65,5 million Euro, a CET1 ratio of 16% and risk-weighted assets (RWAs) of 409,9 million Euro.

Director of Communications and External Relations Rosalba Benedetto

+39 335 5319310 rosalba.benedetto@bancaifis.it www.bancaifis.it

Head of the Press Office Eleonora Vallin

+39 342 8554140 eleonora.vallin@bancaifis.it www.bancaifis.it

Head of IR and Corporate Development

Martino Da Rio

+39 02 24129953 martino.dario@bancaifis.it www.bancaifis.it

Press Office Image Building

Claudia Caracausi, Davide Bruzzese c.caracausi@imagebuilding.it d.bruzzese@imagebuilding.it + 39 02 89011300