Allfunds Group plc (ENXTAM:ALLFG) signed today a Memorandum of Understanding to acquire local paying agent business from Iccrea Banca S.p.A. on July 28, 2023. The transaction signed on July 31, 2023. The acquisition will be fully funded through the Allfunds Group revolving credit facility. The transaction is expected to be signed before the end of 3Q2023 and closed before the end of the year, subject to customary closing conditions. Cyrus Pocha, Luigi Verga, Linda Spinelli, Lorenzo Fusco, Renato Paternollo, and Nick Jones of Freshfields Bruckhaus Deringer has advised Allfunds Group plc. Gian Paolo Tagariello, Lorenzo De Rosa and Giuseppe Alessandro of Legance - Avvocati Associati acted as legal advisor to Iccrea Banca.

Allfunds Group plc (ENXTAM:ALLFG) completed the acquisition of local paying agent business of Iccrea Banca S.p.A. from Iccrea Banca S.p.A. on December 4, 2023.