Urgent.News

What's breaking now, across thousands of outlets.

Business

Azkoyen appoints Lazard as independent financial advisor for the Jainaga takeover and the Basque Government

Leer

Translated from Spanish Read in Spanish

Azkoyen appoints Lazard as independent financial advisor for the Jainaga takeover and the Basque Government

Azkoyen's board of directors has appointed Lazard as independent financial advisor for the takeover bid (OPA) launched by Ohmnia Electronics, a Basque group controlled by José Antonio Jainaga, along with the Basque Government, Fundación BBK, Kutxabank, and Carmen Lequerica holding. The bid, valued at €244.5 million, aims to acquire 100% of Azkoyen, a Navarra-based company specializing in vending machines, payment systems, and access control.

The offer values each share at €10, and the deal requires acceptance from at least half of the shareholders. Financing will be provided through a capital increase in Ohmnia, backed by current shareholders, Fundación BBK, and Kutxabank, as well as two guarantees worth €122.25 million from CaixaBank and Banco Sabadell.

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.

Read the original at expansion.com →

More in Business

More from Monday 21 September →