(Finance) – Cherry Banka bank specialized in business support services, in the creation of value from the transformation of NPL portfolios and in the purchase of tax credits, has finalized the acquisition of 9.6% of Banca Macerata from a single shareholder. The acquisition is part of the program to expand Cherry Bank’s operations through commercial agreements with banking institutions with strong territorial roots, we read in a note.
According to what has already been announced by Banca Macerata, the purchase involved 174,349 ordinary shares with a nominal value of 25 euros (for a total equivalent value of over 4.35 million euros), equal to 9.68% of the share capital.
The capital intervention – which puts Cherry Bank in the position of being the first partner of the Marche bank – is aimed at the creation of synergies on the offerin line with the range of solutions for families and businesses already present by Banca Macerata and also launched by Cherry Bank in the contiguous Romagna region and in the Pesaro area, where the expansion of Cherry Bank recently took place thanks to the merger of Banca Popolare Valconca completed only 4 months ago.
“Banca Macerata is a solid entity in the area and consistently profitable – commented theCEO Giovanni Bossi – We want collaborate as partners, in full respect of their respective autonomies and in coherence with the guidelines drawn up to support our desired expansion. We will collaborate with Banca Macerata to make our closeness felt as best as possible, certain that the collaboration will be good for both of us and, above all, allow us to better serve the needs of a community that has had a thousand opportunities to prove itself capable and enterprising”.