Illimity debuts on the online property auctions business
26 June, Milano Finanza
Illimity Bank expanded its business by acquiring 70% of IT Auction for a value of 10.5 million euro. With this strategic partnership, Illimity reached assets for 3.4 billion euro. Moreover, it will make possible for the company to cover the entire NPL value chain, from the acquisition to the management and the sale of the underlying properties.
Source: Milano Finanza
Translator: Cristina Ambrosi