[REVISION HISTORY]
Mobico Group takeover bid
1 recorded revision of this situation.
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2026-10-30 10:16 UTC → 2026-11-03 09:06 UTC ·
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CMC Group and Asterion Industrial Partners initiated a non-binding takeover bid for Mobico, the British mobility group that owns the Spanish bus operator Alsa. The initial proposal, structured through Autobuses de León, offered approximately €338 million for 100% of the company, representing a significant premium over recent share prices. Following this, a consortium consisting of CMC Group, the Cosmen family office, and Asterion Industrial Partners announced a formal takeover bid to acquire all shares and delist Mobico from the stock exchange. The cash offer of 46 pence per share values the company at roughly £283 million. The transaction is intended to proceed via a court-approved scheme of arrangement under the UK Takeover Code. In a subsequent development, CMC Group and Asterion Industrial Partners agreed to acquire Mobico Group plc through Leita Mobility in a recommended cash transaction. This deal carries an implied enterprise value of approximately £2.32 billion, while valuing the company’s ordinary share capital at roughly £308 million. The buyers intend to merge Mobico with Autobuses de León’s existing bus concession operations in Malta and Cyprus to establish a more diversified mobility platform. The Cosmen family, through CMC Group, remains a major shareholder with approximately 26% of Mobico shares.
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