Corporate movements in the insurance industry. Inoxa, the majority partner of Grubo Kadalana OcteTende, has launched a voluntary OPA with a 37.97% shares that did not control in cash at 50 euro. The public acquisition offer refers to an 18% premium on the company’s 42.55 euros this Thursday. The percentage of the average price of the month before the release of the month rose 23.9%, the average price of the previous three months, 28.3% and 31.0% compared to half a year ago.
Currently, 62.03% of the shares of InocSa GCO have direct and indirect control, which will be immovable during the operation, so this offer is launched over 45.55 million shares, the above 37.97% of the above GCO representative. The move is worth 2,277 million. Alternatively, shareholders can accept the offer through an exchange, which has a report sent to the National Bonds Market Authority (CNMV), 6.66%of a total of eight million GCO, which has a new passive release class B operation for every 43,8419 GCO shares.
The move will be held on April 30 at a public meeting of the planned shareholders. The creation of the OPA is aimed at increasing its direct control over the GCO, so if the OPAS regulations are reached, the InocSa wants to encourage the exclusion of the Bag. In a statement, in a statement describes the details in a statement, “GCO wants to provide a more attractive price to shareholders, which exceeds the historical contribution of the GCO, while maintaining future growth skills, while the strategic pillars of growth, profitability and conductivity, always accommodates and receives performance.”
GCO’s ‘Free-Flood’ is 33.57%, and half of the company is in the hands of investors. From the GCO side they have published a relevant fact to the supervisor, in which they agreed to the beginning of the conversations on January 14, when they signed a secret and cooperation agreement to “evaluate the creation of the offer and especially the community.”
