(Alliance News) - BFF Bank Spa announced Wednesday that, as a result of a block purchase transaction carried out today, it has reached a total stake of 7.7 percent in the share capital of Generalfinance Spa.

The transaction represents an investment in a financial intermediary -- active in the provision of factoring services typically to distressed and financially stressed companies -- with great growth potential and operating in a rapidly expanding market.

BFF trades in the green by 0.3 percent at EUR9.36 per share, while Generalfinance is flat at EUR7.75 per share.

By Claudia Cavaliere, Alliance News reporter

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