The Basque Government and Jainaga request authorization from the CNMV to launch the takeover bid on Azkoyen for 244.5 million
The price, of 10 euros per share, represents a 12.3% discount on the company's quotation on July 24, when Ohmnia's intention to launch the opa was announced.
Ohmnia Electronics, a Basque technology and industrial group controlled by José Antonio Jainaga, has filed a request with Spain's National Securities Market Commission (CNMV) to launch a voluntary takeover bid (OPA) for 100% of Azkoyen. The bid is worth €244.5 million, with each share priced at €10, a 12.3% discount on Azkoyen's share price on July 24.
Ohmnia has secured two bank guarantees of €122.25 million from CaixaBank and Banco Sabadell to back the bid. The group plans to merge with Azkoyen through a reverse merger after the bid is completed.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
