ION Set to Close $1.5 Billion Deal for Italy’s Prelios This Week
- Pignataro’s group bid for the asset manager last year
- The deal has attracted the attention of Italian authorities
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ION Group is set to complete the acquisition of asset manager Prelios SpA as soon as this week, following months of back-and-forth with Italian authorities on the deal.
The fintech group’s purchase of Prelios for €1.35 billion ($1.5 billion) could be signed already on Thursday, the people added. The closing is a win for London-based ION, a group controlled by Italian businessman Andrea Pignataro, which first bid for the asset management company in 2023.