Esseco press release on the takeover bid for Ercros

Shareholder capital
Barcelona

Esseco statement on the characteristics of the takeover bid

  • The offer is EUR 3.84 per share and represents a premium of 50.0% compared to the unaffected price (EUR 2.56 per share) and a premium of 6.7% compared to the initial offer (EUR 3.60 per share).
  • The compensation will be in cash and amounts to a maximum total of EUR 351,115,004.16.
  • The offer is addressed to the entire share capital of Ercros and is subject to a minimum acceptance condition of 75%.
  • With this operation, Esseco intends to actively contribute, through its experience and knowledge, to the development and growth of Ercros and promote its opportunities as a prominent leader in southern Europe.
  • Esseco will promote talent retention and maintain Ercros' headquarters in Barcelona.

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.