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Banca IFIS completes acquisition of Cap.Ital.Fin

Banca IFIS SpA completed its acquisition of Cap.Ital.Fin SpA after it received the necessary authorization.

The Italian bank paid approximately €2 million as part of the transaction, subject to an adjustment mechanism to be calculated on the basis of the asset statement on the date of execution.

Clifford Chance acted as legal adviser for Banca IFIS on the deal.