Brief: Allfunds And BCC Iccrea Group Finalise Acquisition Of Local Paying Agent Business In Italy

Allfunds

04/12/2023 07:15

Dec 4 (Reuters) - Allfunds Group PLC  ALLFG.AS :
    * ALLFUNDS AND BCC ICCREA GROUP FINALISE ACQUISITION OF
LOCAL
PAYING AGENT BUSINESS
    * WITH THIS OPERATION, ALLFUNDS WILL BUILD UPON ITS POSITION
IN
THE LOCAL PAYING AGENT BUSINESS IN ITALY, INCREASE ITS LEVEL  OF
CUSTOMER SERVICE AND, AT THE SAME TIME, STRENGTHEN ITS
PARTNERSHIP WITH A LEADING FINANCIAL INSTITUTION IN THE  COUNTRY
    * THE TRANSACTION HAS BEEN FULLY FUNDED THROUGH THE ALLFUNDS
GROUP
REVOLVING CREDIT FACILITY AND HAS A NEUTRAL  IMPACT ON ALLFUNDS
BANKING GROUP’S CAPITAL POSITION

Further company coverage:  ALLFG.AS 

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