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An update from Banco di Desio e Della Brianza SPA ( (IT:BDB) ) is now available.
Banco di Desio e della Brianza has successfully closed the tender period for its voluntary full takeover bid for Solutions Capital Management SIM, with shareholders tendering 2,182,102 shares equal to about 97.7% of SCM’s share capital. Based on these provisional results, the bank will hold at least 95% of SCM, meaning the threshold condition for the offer is satisfied and the previously envisaged extension of the tender period will not apply.
Subject to remaining conditions being met or waived, payment of €4.61 per SCM share tendered is scheduled for 30 April 2026, with simultaneous transfer of ownership to Banco di Desio. Having reached the 95% threshold, the bank has confirmed there will be no reopening of the offer terms and it intends to exercise its right to acquire the remaining outstanding shares under Italian takeover rules, paving the way for full control of SCM and potential delisting.
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 commercial and retail banking, offering lending, savings and investment services. Through strategic transactions it is expanding its presence in financial services and asset management, targeting growth in specialized investment and advisory activities.
Average Trading Volume: 89,204
Technical Sentiment Signal: Buy
Current Market Cap: €1.22B
Find detailed analytics on BDB stock on TipRanks’ Stock Analysis page.