tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Banco Desio Announces Public Purchase Offer for SCM Shares

Story Highlights
Banco Desio Announces Public Purchase Offer for SCM Shares

TipRanks Cyber Monday Sale

An announcement from Banco di Desio e Della Brianza SPA ( (IT:BDB) ) is now available.

Banco di Desio e della Brianza S.p.A. has announced a voluntary total public purchase offer for the ordinary shares of Solutions Capital Management SIM S.p.A. (SCM), aiming to delist SCM from Euronext Growth Milan. The offer includes a cash consideration of Euro 4.61 per share, with HPS Holding Partecipazioni Societarie S.r.l., the controlling shareholder of SCM, committing to adhere to the offer with its 80.28% shareholding. This strategic move is expected to impact SCM’s market presence and shareholder structure, while reinforcing Banco Desio’s position in the financial market.

The most recent analyst rating on (IT:BDB) stock is a Hold with a EUR9.00 price target. To see the full list of analyst forecasts on Banco di Desio e Della Brianza SPA stock, see the IT:BDB Stock Forecast page.

More about Banco di Desio e Della Brianza SPA

Banco di Desio e della Brianza S.p.A. is an Italian bank operating as a joint-stock company. It focuses on banking activities, including savings collection and credit provision, and engages in various financial activities. The bank’s ordinary shares are listed on Euronext Milan, and it serves as the parent company of the Banco di Desio e della Brianza S.p.A. Group.

Average Trading Volume: 116,630

Technical Sentiment Signal: Buy

Current Market Cap: €1.14B

See more insights into BDB stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1