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[SITUATION] · [QUIET] · [BUSINESS]
3 clusters · 6 sources · 35 days · First seen · Last updated
Ohmnia tender offer for Azkoyen
Overview
The Basque technological-industrial group Ohmnia, a consortium led by José Antonio Jainaga, initiated a friendly tender offer to acquire all shares of the Navarrese multinational Azkoyen. The bid is valued at 244.5 million euros, offering 10 euros per share.
Following the formal registration of the request with Spain’s CNMV, the German competition authority, Bundeskartellamt, granted unconditional approval for the takeover. The regulator determined the acquisition would not violate competition laws, despite Azkoyen conducting significant business in Germany.
Spain’s National Commission on Markets and Competition (CNMC) has now authorized the voluntary tender offer. The Ohmnia Electronics consortium includes the Basque Government through the fund Finkatuz. The success of the transaction is contingent upon the acceptance of more than 50% of Azkoyen’s capital.
Entities
Azkoyen · CNMV · Ohmnia Electronics · José Antonio Jainaga · Finkatuz
Timeline
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[BUSINESS] 2 sourcesAzkoyen takeover: Spanish regulator approves Ohmnia Electronics bid
Spain's CNMC has approved Ohmnia Electronics' 244 million euro tender offer for Azkoyen, led by José Antonio Jainaga and supported by the Basque Government.
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[BUSINESS] 2 sourcesBundeskartellamt approves Ohmnia Electronics takeover bid for Azkoyen
Germany's Bundeskartellamt has cleared Ohmnia Electronics' unconditional takeover bid for Azkoyen, pending final approval from Spain's CNMC.
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[BUSINESS] 2 sourcesOhmnia files 244.5 million euro tender offer for Azkoyen
Basque group Ohmnia has filed a 244.5 million euro tender offer to acquire Azkoyen, backed by the Basque Government and major banking foundations.
Sources
cronicadecantabria.com · cronicavasca.elespanol.com · economiadigital.es · eldiario.es · moncloa.com · noticiasdeNavarra.com
This summary has been updated 1 time: see revision history