Takeover bid

Information related to takeover bid for 100% of the Ercros' share capital

In the same section:
Access to the Sabiñánigo factory

Takeover bid on Ercros

On March 5, 2024, the Portuguese chemical company Bondalti Ibérica has announced a request for a voluntary public takeover bid (OPA) for 100% of the capital of Ercros at 3.60 euros per share.

On June 28, for its part, the Italian company Esseco Industrial announced the request for a competitive takeover bid of 3.84 euros per share.

As a result of the dividend charged to the 2023 profit of EUR 0.096 gross per share paid by Ercros, the bidders Bondalti Ibérica and Esseco Industrial have announced that they are reducing the amounts of their Offer price to EUR 3.505 per share and to EUR 3.745 per share, respectively.

All public documents on the takeover bid

IP 20240305 Application for authorization to the CNMV of the Bondalti takeover bid (in Spanish)

Press release from Bondalti regarding the takeover bid of Ercros (in Spanish)

OIR 20240307 Ercros information on the takeover bid

OIR 20240320 National Securities Market Commission admission of the takeover bid process (in Spanish)

OIR 20240410 Appointment of advisors

OIR 20240613 Authorization of the Council of Ministers of the Bondalti takeover bid (in Spanish)

IP 20240628 Application for authorization to the CNMV of the competitive Esseco takeover bid (in Spanish)

20240628 OIR Ercros' position on Esseco's competitive takeover bid

IP 20242806 Esseco press release on the takeover bid for Ercros (in Spanish)

OIR 20242806 Statement from the CNMV on the Esseco takeover bid (in Spanish)

OIR 01072024 Authorization of the Autoridade da Concorrência of the Bondalti's takeover bid (in Spanish)

OIR 20240711 Esseco reduces the takeover price to EUR 3,745 euros (in Spanish)

OIR 20240711 Bondalti reduces the takeover price to EUR 3,505 (in Spanish)

IP 20240725 Letter from shareholders regarding the Bondalti and Esseco takeover bids

OIR 20241010 Authorization of the Council of Ministers for the takeover bid of Esseco (in Spanish)

Analyst reports