Kitra Advisory advises IBL Banca on the takeover bid of Net Insurance
Description of the Deal
Kitra Advisory advised IBL Banca on its takeover bid, jointly with Poste Vita, of Net Insurance S.p.A., aimed at delisting the company and its warrants from Euronext Milan (STAR segment).
Company Profile
Net Insurance is an Italian insurance company specialising in credit support coverage, particularly salary- and pension-backed loans, as well as protection products distributed through bancassurance and brokers, with a distinctive positioning also in the insurtech segment.
Rationale of the Deal
With this acquisition, IBL Banca took control of Net Insurance, strengthening its industrial strategy and promoting its integration with its own distribution channels, with the support of leading institutional partners.
