tiprankstipranks
Advertisement
Advertisement

Banco di Desio Clinches 97.7% of SCM in Takeover, Triggers Delisting

Story Highlights
  • Banco di Desio has completed its takeover of SCM, acquiring 97.665% of shares for about €10.1 million.
  • The bank will buy remaining SCM shares via a sell-out process, leading to the delisting of SCM from the market.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Meet Samuel – Your Personal Investing Prophet

Banco di Desio e Della Brianza SPA ( (IT:BDB) ) just unveiled an update.

Banco di Desio e della Brianza S.p.A. has successfully completed its voluntary takeover bid for all ordinary shares of Solutions Capital Management SIM S.p.A., securing 97.665% of the share capital for a total consideration of about €10.1 million. The bank will pay €4.61 per share to investors who tendered their holdings, consolidating its control over the investment services firm.

With the offer conditions satisfied and remaining conditions waived, the transaction has become effective and triggers a mandatory purchase procedure for the remaining 2.335% of SCM shares at the same price. The bank will exercise its sell-out right, leading to the delisting of SCM shares as of 6 May 2026, effectively removing the company from public trading and further integrating it under Banco di Desio’s control.

More about Banco di Desio e Della Brianza SPA

Banco di Desio e della Brianza S.p.A. is an Italian banking group operating in retail and commercial banking, offering lending, deposit, and investment services to households, small and medium-sized enterprises, and institutional clients. Through acquisitions such as Solutions Capital Management SIM S.p.A., it is strengthening its presence in investment services and wealth management within the Italian financial market.

YTD Price Performance: -2.96%

Average Trading Volume: 91,718

Technical Sentiment Signal: Buy

Current Market Cap: €1.21B

Learn more about 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