Cherry Bank, new M&A: acquires 9.68% of Banca Macerata

Cherry Bank new MA acquires 968 of Banca Macerata

(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 purchased 174,349 ordinary shares of Macerata Bank with a nominal value of 25 euros (for a total of over 4.35 million euros), equal to 9.68% of the share capital of the Marche institute.

TO sell it was the pact holder Moschini Spa and the sub-pact holders Tartuferi, Domina spa and Viavai spa, who sold their shareholding in Banca Macerata, we read in a press release from the institute.

Cherry Bank, led by Giovanni Bossi, has recently integrated Valconca Bank and announced that it closed 2023 with a net profit of 79.5 million euros and net loans to businesses of 1,024.3 million euros (+113.9%) of which 527.4 million contributed by Banca Valconca which approximately one third refers to retail relationships.

Banca Macerata closed 2023 with jobs costs to customers of 26.5 million euros (+8.9%) and a Net income equal to 2.1 million euros.

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