VCREDIT Holdings Limited has issued an update regarding its planned acquisition of up to 100% of Banco Português de Gestão, S.A. (BPG). The company references earlier announcements dated 5 May 2023 and 1 April 2025, which outline the original terms of the acquisition.

Under the initial arrangement, the Seller Shares Completion was subject to fulfilling certain conditions, including a Regulatory Condition required by 4 November 2025. VCREDIT Holdings and the sellers have now agreed to extend this Long Stop Date by four months, moving it to 4 March 2026. Apart from this change, all other terms and conditions in the Sale and Purchase Agreement remain unchanged.

As the acquisition’s completion remains contingent on the satisfaction or waiver of various Conditions Precedent, there is no certainty that the transaction will proceed. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.