Banca I.F.I.S Spa BNCIF

Financial Services Banks - Global

Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan portfolio is from government and public administration, whereas two-thirds are from the private sector. The gro

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Banca I.F.I.S Spa > 21

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Comment by Goldfatheron Apr 10, 2017 7:21pm

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Post# 26103759

RE:RE:RE:RE:RE:RE:21

Not really that surprised. Foreign Swiss owner had big debts.
Sure it was all money. Someone else came in. Probably had big tax Leins on the property.
Wonder who got it ? And a LOI isn't very binding at all. EAsy to get out. ... could be a great
buy opp tomorrow. // mgmt would be wise to issue
a calming PR tomorrow saying the Cobalt opps are still wonderful and the Co fully intends
to follow their previous business plan.

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