Brief: Illimity Bank Deal With Finwave To Create AI Firm

illimity Bank SpA

08/11/2024 07:29

Nov 8 (Reuters) - illimity Bank SpA  ILTY.MI :
    * AGREEMENT WITH FINWAVE / OCS GROUP TO CREATE A NEW AI
TECHNOLOGY
LEADER: 52% OF NEWCO SOLD FOR €62.4 MILLION
    * ESTIMATED NET CAPITAL GAIN OF ABOUT €54 MILLION WITH
STRONG
CAPITAL POSITION IMPROVEMENT (+ 90BPS IN TERMS OF CET1 RATIO)

Further company coverage:  ILTY.MI 

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