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Banca IFIS to merge with IFIS Leasing

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Banca IFIS to merge with IFIS Leasing

Banca IFIS SpA said it filed a plan for the merger of IFIS Leasing SpA into the bank, following its receipt of authorization from the Bank of Italy.

The merger is expected to be completed in May. Banca IFIS said the merger is part of its broader growth and development strategy.