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MarketScreener Homepage  >  Equities  >  Borsa Italiana  >  Banco di Desio e della Brianza S.p.A.    BDB   IT0001041000

BANCO DI DESIO E DELLA BRIANZA S.P.A.

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Banco di Desio e della Brianza S p A : Joint press release - Signed an agreement for the sale of the control in Cedacri to ION for an enterprise value of Euro 1,500,000,000

03/06/2021 | 03:11am EDT

JOINT PRESS RELEASE FROM THE SELLING SHAREHOLDERS BANKS

SIGNED AN AGREEMENT FOR THE SALE OF THE CONTROL IN CEDACRI TO ION FOR AN ENTERPRISE VALUE OF EURO 1,500,000,000

MILAN 5th March 2021: Today the Shareholders of Cedacri - FSI (27.1%), Banca Mediolanum (15.6%), Cassa di Risparmio di Asti (11.1%), Banco di Desio e della Brianza (10.1%), BPER Banca (7.5%), Banca Popolare di Bari (6.6%), Cassa di Risparmio di Bolzano (6.5%), Banca del Piemonte (4.2%), Credito Emiliano (3.9%), Cassa di Sovvenzioni e Risparmio fra il Personale della Banca d'Italia (2.0%), Società Reale Mutua di Assicurazioni (1.3%), Banca del Fucino (1.1%), Banca Valsabbina (1.1%), Cassa di Risparmio di Cento (1.0%), Cassa di Risparmio di Volterra (1.0%) - have signed a binding agreement for the sale to ION of their respective equity stakes in Cedacri, the leading Italian operator in the IT outsourcing market for banks and financial institutions.

The Enterprise Value of Euro 1,500,000,000 includes a net financial debt and other liabilities of around Euro 320,000,000.

The completion of the transaction is subject to the fulfilment of certain condition precedents and is therefore expected by the third quarter of 2021.

In the deal, the selling shareholders have been assisted by Deutsche Bank as financial advisor, Pedersoli Studio Legale as legal advisors, Prometeia as industrial advisor. Cedacri has been assisted by Gianni & Origoni and Bonelli Erede as legal advisors, Boston Consulting Group as industrial advisor, Deloitte for the financial due diligence, Studio Legale Tributario FRM as tax advisor for contract matters and due diligence.

Disclaimer

Banco di Desio e della Brianza S.p.A. published this content on 06 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2021 08:10:08 UTC.


© Publicnow 2021
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Financials
Sales 2020 326 M 388 M 388 M
Net income 2020 23,7 M 28,2 M 28,2 M
Net Debt 2020 3 967 M 4 719 M 4 719 M
P/E ratio 2020 -
Yield 2020 2,34%
Capitalization 364 M 432 M 433 M
EV / Sales 2019 10,9x
EV / Sales 2020 13,2x
Nbr of Employees 2 179
Free-Float 39,4%
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Managers and Directors
NameTitle
Alessandro Maria Decio Chief Executive Officer & Director
Mauro Walter Colombo Chief Financial Officer
Stefano Lado Chairman
Cristina Finocchi Mahne Independent Director
Agostino Gavazzi Director