Banca Sistema completes merger with Banca CF+

Banca Sistema has completed its merger by incorporation of Banca CF+, now formally operational. The deal used an exchange ratio of 1.35 Banca Sistema shares per cancelled Banca CF+ share, issuing 50.2 million new shares, and Banca CF+ agreed to acquire VAT credits of up to €1 billion over three years.

Detected & updated continuously · Source: Nebula