INDEXO plans a EUR 1.90 per share cash bid for DelfinGroup and a capital raise of up to EUR 25.4 million, alongside a planned listing on the Nasdaq First North Growth Market in Stockholm.
INDEXO has announced a voluntary cash offer of EUR 1.90 per DelfinGroup share, a 23.8% premium to the EUR 1.535 Nasdaq Riga close on 10 September 2026 and 21% above the six-month volume-weighted average price. The share price should gravitate toward the offer price, though the bid only launches once financing commitments (expected in coming days) and Bank of Latvia prospectus approval are in place. INDEXO already owns 72.03% and plans a squeeze-out above 90% followed by delisting from Nasdaq Riga.
INDEXO has announced a voluntary cash takeover bid for DelfinGroup shares at EUR 1.90 per share, representing a 23.8% premium over the 10 September 2026 closing price. The company aims to increase its current 72.03% stake to 89.99% and eventually delist the firm from Nasdaq Riga. To fund the acquisition and its 2026–2029 business plan, INDEXO plans to raise up to EUR 25.4 million through share offerings in the Baltics and Sweden.
EUR 1.90 per share in cash, which is 23.8% above the Nasdaq Riga closing price of EUR 1.535 on 10 September 2026 and 21% above the average price over the six months before the announcement.
No. INDEXO states this announcement is not an offer; the bid will only launch after financing is secured and the Bank of Latvia approves the offer prospectus, with detailed terms and timetable to follow in the approved prospectus.