Esseco requests authorization to present a competitive takeover bid
Submits the application to the Spanish stock market regulator
Esseco Industrial, S.p.A. formulates a taleover bid, of a voluntary and competitive nature, for all the shares of Ercros, S.A., representing 100% of its share capital. The price offered is EUR 3.84 per share, consequently, the maximum total amount to be paid amounts to EUR 351.12 million, therefore higher than the consideration offered by Bondalti. The price will be paid in cash in full.
The offer is conditional on achieving acceptance of more than 75% of the capital and obtaining all relevant regulatory and government authorizations.
Ercros guarantees that the relevant facts contained on this page correspond exactly to those sent by the Company to the CNMV, and disseminated by it to the market. The facts prior to those included in this section are available on the CNMV website.
Click on the following document to download the complete application.