Gubel, a company controlled by a businesswoman Helena RevoredoProsegur’s majority shareholder and chairman announced initiation of a public takeover offer (OPA) Voluntarily more than 15% of the share capital of the security company up to €149.6 millionAccording to the information Prosegur sent to the National Securities Market Commission (CNMV) this Wednesday.
Revoredo, through Gubel and its wholly owned subsidiary Prorevosa Direct and indirect owner of 59.899% of Prosegur’s capital And 61.445% of voting rightsExcluding treasury shares, which will reach 75% of the security company’s capital if the takeover bid is successful.
The takeover offer is aimed at all holders of Prosegur shares and covers the purchase of a maximum of 81,754,030 shares in cash at a price of 1.83 euros per share; This represents a 27.4% premium to the price at which Prosegur shares closed yesterday (€1.43) and was 28.55% above the weighted average price of €1.424 per share last month.
Prosegur shares owned by Gübel (326,468,224 shares representing 59.899% of the capital) It will remain inactive until the takeover offer is completed..
Although the offer is aimed at all shareholders regardless of their nationality or place of residence, it has been formulated specifically for the Spanish market, the only market where Prosegur shares are listed.
Gubel assured that it had “committed sufficient financing to obtain the funds necessary to cover the total price of the proposal.” It is even stated that this price will be “guaranteed with a bank guarantee”.
takeover bid It is not subject to any conditions, Therefore, it will be valid and come into force regardless of the number of accepting shares.
In its announcement before the takeover offer sent to the CNMV, Gubel assured that this offer “does not constitute an economic concentration and is therefore not subject to the obligation to notify or obtain any consent or non-objection before or after the offer.” be formulated by the European Commission, the National Markets and Competition Commission or any other competition authority”.
“The offer is not subject to the obligation of nto notify any Spanish or foreign authority, nor is there any need to obtain any permission from any other Spanish or foreign administrative authority other than the CNMV,” he concludes.