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2 clusters · 4 sources · 17 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. The transaction remains subject to authorization from Spain’s National Commission on Markets and Competition (CNMC).

Entities

CNMV · Azkoyen · Ohmnia Electronics · CNMC · Ohmnia

Timeline

  1. 2 days ago

    [BUSINESS] 2 sources
    Bundeskartellamt 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.

  2. 18 days ago

    [BUSINESS] 2 sources
    Ohmnia 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 · economiadigital.es · moncloa.com · noticiasdeNavarra.com