Ercros hires Evercore and Uría Menéndez as advisors before the Bondalti takeover bid

MADRID, 10 Abr.

Ercros hires Evercore and Uría Menéndez as advisors before the Bondalti takeover bid

MADRID, 10 Abr. (EUROPA PRESS) -

Ercros has hired Evercore Partners International as financial advisor and Uría Menéndez Abogados as legal advisor, to provide assistance to the board of directors during the public takeover bid (OPA) process presented by the Portuguese chemical firm Bondalti, owned by the José de group. Mello, about the Spanish company.

In a communication sent this Wednesday to the National Securities Market Commission (CNMV), Ercros assures that the hiring of Evercore and Uría Menéndez as advisors to its board of directors seeks to safeguard the interests of shareholders in the face of Bondalti's takeover bid.

The Portuguese firm announced at the beginning of March the launch of a voluntary takeover bid for 100% of Ercros at 3.60 euros per share, which means valuing the entire Spanish company at 329.17 million euros.

On March 20, the CNMV accepted for processing the request for authorization submitted by Bondalti for the formulation of its takeover bid for Ercros.

The Spanish company highlighted on March 7 that the voluntary takeover bid launched by Bondalti was not previously "requested or agreed" with the company, ensuring that "the board of directors of Ercros had no prior knowledge of the offer."

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