Banca Sistema shareholders vote on merger to absorb parent Banca CF+ at 1.35 share swap ratio
Reuters2026/09/11 19:32- Shareholders meet Oct. 12, 2026, or Oct. 13, 2026, to vote on merging CF+ into Banca Sistema.
- Deal completes CF+’s takeover integration, targeting governance simplification, lower duplicated costs, operational synergies, revenue diversification, stronger capital.
- Exchange ratio set at 1.35 Banca Sistema shares for each CF+ share, with no cash adjustment.
- Merger requires issuing 50,246,553 new shares via a capital increase of up to EUR 6,029,586.36.
- Board backs the plan; Banca Sistema’s related-party committee issued a favorable opinion on the transaction’s interest, terms, and fairness.
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