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Banca IFIS finalizes acquisition of Italian debt servicer FBS

Italian lender Banca IFIS SpA finalized the acquisition of Italian debt services provider FBS SpA.

The deal, which saw Banca IFIS acquire a 90% stake in FBS for €58.5 million, includes put and call options that can be exercised in the next two to four years at a value depending on FBS' performance.

Banca IFIS said the acquisition is in line with its growth strategy.