Los Cosmen y Asterion formalizan la opa sobre Mobico, valorada en 2.780 millones

The Spanish family, now holding 26% of Mobico, will increase its stake to 50.1% and the investment firm will take the remaining 49.9%. The Cosmen and Asterion family announced the launch of a tender offer on Mobico, Alsa's subsidiary, to London's Stock Exchange. Last week, they reported interest from the company, which today became a formal offer.

The terms are similar to what is known: 46 centimos per share. According to the documentation submitted to the London Stock Exchange, this equates to 308 million pounds (369 million euros) at the current exchange rate, with a 55% premium over the previous day's closing price and a 93% premium over August 3rd, the day before the first proposal was submitted to Mobico's board.

The company's board recommended shareholders accept the proposal. "We believe the offer is a good result for Mobico shareholders and provides significant value and certainty," said Non-Executive Chairman Phil White. The buying consortium is Leita Mobility, a subsidiary of Asturian bus operator, where the Cosmen family through the CMC Group owns 50.1%, while the led by Jesús Olmos fund controls the remaining 49.9%.

The Cosmen now own 26% of Mobico, linking to the British company since the integration of Alsa with National Express in 2005, which later became Mobico. Mobico is a British transport group, primarily in bus (urban, intercity, and shuttles), but also in rail and adapted transport, operating mainly in Spain and the UK (National Express, for example), but in recent years has diversified into the US, North Africa, and the Middle East.

Buyers now have a 28-day period to report all details of the purchase, including the schedule. The operation is subject to the favorable vote of 75% of shareholders. Now, it is expected that the operation will be completed in the first half of 2027.