The Navarra foral fund bursts into Azkoyen in the midst of Jainaga's OPA and the Basque Government
The new investor vehicle of the Government of María Chivite has a budget of 45 million euros.
The government of Navarra, led by María Chivite, has acquired a 1.05% stake in Azkoyen, valued at €2.5 million, through the Compañía de Empresas Navarras de Inversión Territorial (Cenit). This move is seen as a signal of the government's intention to have influence over the company amid a public takeover bid (OPA) by Ohmnia Electronics, a Basque company controlled by José Antonio Jainaga.
Ohmnia's OPA, launched in July, values Azkoyen at €244 million and aims to merge the two companies. The Navarra government's investment vehicle, Cenit, has a budget of €45 million to invest in industrial projects.
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.
