Azure Financial Acquires Stake in Izola Bank
Izola Bank announced that its current shareholder, the Van Marcke Group, has agreed to sell its entire stake in the bank to Azure Financial, a French firm. The transaction involves an undisclosed amount and includes a planned €2.8 million ($3.2 million) capital injection by Azure Financial into Izola Bank through newly issued shares. This move is subject to regulatory and board approvals before it can proceed. Once completed, the Van Marcke Group will retain a minority stake in Azure Financial, indicating continued involvement alongside the new majority shareholder. Azure Financial operates under Groupe Bricks SAS, which manages a regulated digital real estate investment platform and has broader interests across various segments of the property sector including origination, asset management, retail operations, and hospitality investments.
