Banco di Desio e della Brianza S.p.A. completed the acquisition of the remaining 18.33% stake in Banca Popolare di Spoleto S.p.A.

Banco di Desio e della Brianza S.p.A. (BIT:BDB) agreed to acquire the remaining 18.33% stake in Banca Popolare di Spoleto S.p.A. for €6.4 million on December 11, 2018. Banco di Desio e della Brianza S.p.A. will issue 1 share for every 5 share of Banca Popolare di Spoleto S.p.A. Pre deal, Banco di Desio e della Brianza S.p.A. held 81.67% stake and post completion of the deal, it will hold 100% of Banca Popolare di Spoleto S.p.A. The Board of Directors of Banco di Desio approved the transaction. As of March 11, 2019, Banco Di Desio got the authorization for the merger. As on May 20, 2019, the deal was approved by the shareholders of Banco di Desio e della Brianza S.p.A and Banca Popolare di Spoleto S.p.A. on May 20, 2019. Banco di Desio e della Brianza S.p.A. (BIT:BDB) completed the acquisition of the remaining 18.33% stake in Banca Popolare di Spoleto S.p.A. on May 29, 2019.