Brief: Banco Di Desio E Della Brianza To Buy Majority Stake In Dynamica

Banco di Desio e della Brianza

31/01/2024 07:23

Jan 31 (Reuters) - Banco di Desio e della Brianza SpA  DESI.MI :
    * SIGNS CONTRACT TO BUY MAJORITY STAKE IN DYNAMICA
    * TO HOLD STAKE OF AT LEAST 80% OF SHARE CAPITAL OF DYNAMICA
    * TO PAY EUR 1.2 MILLION, TO UNDERWITE CAPITAL HIKE WITH VALUE BETWEEN EUR
6-7
MILLION
    * CLOSING DEAL IS EXPECTED BEFORE END OF H1, PENDING APPROVAL
    * HAS OPTION TO BUY REMAINING SHARES
    * IMPACT OF DEAL ON BANCO DESIO'S CET1 RATIO IS ESTIMATED AT AROUND -20 BPS
    * DYNAMICA IS ACTIVE IN RETAIL COSTUMERS FINANCING SECTOR


Further company coverage:  DESI.MI 

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