Tages and Harvip acquire Credito Fondiario

Tages and Harvip today completed the acquisition of 100% of the share capital of Credito Fondiario S.p.A. – Fonspa Bank from European Principal Assets Limited (EPAL), a subsidiary of Morgan Stanley International Holding.

The transaction has obtained authorisation from the Bank of Italy. The new shareholders plan to reposition the company’s mission in the new economic context, while recovering its historical Credito Fondiario brand.