Portuguese company Bondalti He made one Offer for public takeover (OPA) of 100% of Ercros. As stated in a statement on Tuesday, the Lusitanian company can pay a total of 329.1 million euros. The offer is €3.6 per Ercros share, representing a premium of 40.6% over the offer price at market close on Monday (€2.56). The Portuguese company's offer requires achieving acceptance of more than 75% of the capital and obtaining the approval of regulatory and governmental authorities. The operation envisages keeping the headquarters in Barcelona, as well as operating in Catalonia, Valencian Country, Aragon and the Community of Madrid, where Ercross is active in the country.
Bondalti points out that the deal has a “marked industrial character” and if it goes through, once it is delisted from the stock exchange, the industrial group with factories in Camp de Tarragona will become part of the Portuguese company. In this way, he emphasizes, “a group with the size and technical capabilities of the first level will be created” which, at the same time, “will amplify the strategic potential” with a long-term vision.
If the OPA is finalized, Bondalti will “anticipate the challenges facing the European chemical industry to respond to the growing demand for green products and be an active part of the energy transition.”
The Portuguese company has a presence in Spain, where it employs more than 200 people, between Torrelavega (Cantabria), Álvaro (La Rioja) and Vigo, and also has four offices in Barcelona, Logroño, Madrid and Pontevedra.
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