The Spanish Securities Commission (CNMV) has authorised a public delisting tender offer for Corporación Financiera Alba, S.A., submitted by the company together with Carlos March Delgado and Son Daviú, S.L.U. The offer is addressed to 100% of Alba’s share capital of 60,305,186 shares, but 57,404,487 shares (95.19%) have been immobilised, including treasury shares, so it effectively extends to 2,900,699 shares (4.81%). The offer price is EUR 84.20 per share, set in accordance with Article 65 of the Securities Markets and Investment Services Act and Article 10 of the Royal Decree on takeovers, supported by a valuation report included in the prospectus. The offer is unconditional and is guaranteed by two bank guarantees totalling EUR 257,198,077.80 issued by Banco Bilbao Vizcaya Argentaria, S.A. The acceptance period will be 30 calendar days from the stock market trading day following publication of the first announcement containing the essential terms of the offer, ending on a trading day. The shares will be delisted once the transaction has settled, and the prospectus and supporting documentation will be available in the CNMV’s public registers at least from the trading day after that first announcement.
Spanish Securities Commission (CNMV) 2025-03-20
Spanish Securities Commission authorises Corporación Financiera Alba delisting tender offer at EUR 84.20 per share
The Spanish Securities Commission (CNMV) has authorized a public delisting tender offer for Corporación Financiera Alba, S.A., targeting 4.81% of its share capital. The offer price is EUR 84.20 per share, backed by bank guarantees totaling EUR 257.2 million from Banco Bilbao Vizcaya Argentaria, S.A. The offer is unconditional, with shares to be delisted upon transaction settlement.