El Gobierno Vasco y Jainaga piden autorización a la CNMV para lanzar la opa sobre Azkoyen por 244,5 millones

The Basque Government and Jainaga have requested authorization from the CNMV to launch an offer for the 100% of Azkoyen at a total cost of 244.5 million euros. This request is based on two bids worth 122.25 million euros each, provided by CaixaBank and Banco Sabadell. The legal advisor for the operation is the firm Cuatrecasas. The offer was announced on July 24th with a price of 10 euros per share, representing a 12.3% discount compared to the 11.4 euros per share that Azkoyen was trading at at the time.

Shortly after, on July 28th, Azkoyen's board of directors deemed the offer to be friendly. Initially, on the 24th of July, through the CNMV, it was announced that Clerbil, led by Jainaga, alongside Ohmnia's current partners (Carmen Lequerica Holding, the Instituto Vasco de Finanzas, and the Fundación Bancaria Vital), and with the addition of Fundación BBK and Indar Kartera, intended to launch a voluntary tender offer for Azkoyen.

Ohmnia Electronics is a technology and industrial group comprising 20 companies, specializing in electronic and metallic manufacturing for sectors such as healthcare, energy, defense, access control, and rail. With 1,000 employees and annual revenue of 190 million euros, Azkoyen's ebitda is around 27 million euros. Ohmnia plans to maintain Azkoyen's trading on the stock market, and it is anticipated that the transaction will result in a group with 400 million euros in revenue, 65 million euros in ebitda, and 2,000 employees.

The financing for this operation will come through a capital increase in Ohmnia, to which current and new partners, the Fundación BBK and Indar Kartera, will contribute. This financing will be supplemented by the mentioned banking funding provided by CaixaBank and Banco Sabadell. Ohmnia sees Azkoyen as bringing three families of high-value technologies (Coffee & Vending Systems, Payment Technologies, and Time & Security), with an export-oriented profile, and the potential to benefit from Ohmnia's technological and industrial capabilities.