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Banco di Desio e della Brianza Cancels Treasury Shares Without Reducing Capital

Story Highlights
  • Banco di Desio cancelled 2.89 million treasury shares without lowering its share capital.
  • The bank’s unchanged capital is now split into fewer shares, slightly boosting existing stakes.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Banco di Desio e della Brianza Cancels Treasury Shares Without Reducing Capital

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

Banco di Desio e della Brianza has completed the cancellation of 2,888,242 treasury shares acquired under its share buy-back programme, without reducing its share capital, following approval by an extraordinary shareholders’ meeting. As a result, the bank’s share capital remains at EUR 70,692,590.28 but is now represented by 131,474,807 no-par-value ordinary shares, a move that slightly increases the relative stake of existing shareholders and leads to an update of the company’s Articles of Association after registration with the Companies Register.

The most recent analyst rating on (IT:BDB) stock is a Hold with a EUR9.50 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 banking group operating in the commercial and retail banking sector, offering traditional banking services such as deposits, loans and related financial products primarily to households and small to medium-sized enterprises in its core regional markets.

Average Trading Volume: 132,168

Technical Sentiment Signal: Buy

Current Market Cap: €1.25B

For an in-depth examination of BDB stock, go to TipRanks’ Overview page.

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