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Banca IFIS, Credito Fondiario extend discussions over debt recovery partnership

Banca IFIS SpA and Credito Fondiario SpA agreed to extend their exclusivity commitment over a potential partnership to Oct. 31.

The extension will allow further assessment of the terms and conditions of the deal.

In August, the Italian lenders disclosed that they were discussing a possible partnership that will focus exclusively on the debt servicing sector.