Edenred announced on Tuesday that it had finalized the acquisition of IP's energy card business, an operation that will enable it to become the second-largest player in the Italian market.

The transaction, which involves a portfolio of around 50,000 B2B customers of the fuel distributor and which had been announced last March, is intended to enable it "to truly change dimension in the country", says the group.000 B2B customers of the fuel distributor and which had been announced last March, is expected to enable Edenred to "truly change dimension in the country", says the group.

IP's energy card business will be consolidated in Edenred's financial statements from December 2, 2024, says the prepaid services specialist in a press release.

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