Alphavalue/Divacons | On 10 February 2026, the National Securities Market Commission (CNMV) Board agreed to authorise the voluntary takeover bid for Ercros (ECR) shares submitted by Bondalti Iberica, S.L.U. on 5 March 2024 and admitted for processing on 20 March 2024, on the understanding that its terms comply with current regulations and considering the content of the explanatory prospectus presented after the latest amendments registered on 5 February 2026 to be sufficient.
The takeover bid is for 100% of Ercros’ share capital, comprising 91,436,199 shares, admitted to trading on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges and incorporated into the Stock Exchange Interconnection System.
The offer price is €3.505 per share and will be paid in cash. This price has been freely set by the offeror, in accordance with the law, and has not been submitted for consideration as a fair price for the purposes of Article 110 of Law 6/2023 of 17 March on Securities Markets and Investment Services, and Article 9 of the aforementioned Royal Decree. The CNMV will announce the acceptance period for the offer when the offeror publishes the first of the announcements provided for in Article 22 of Royal Decree 1066/2007.
