Corporación Financiera Alba Moves Towards Delisting with Takeover Bid
Deal News | Dec 16, 2024 | Iberian Lawyer
Corporación Financiera Alba, a prominent Spanish investment firm, is initiating a public takeover bid aimed at delisting its shares from major Spanish securities markets, namely Madrid, Barcelona, and Bilbao. This strategic move is priced at 84.20 euros per share. Clifford Chance, a leading law firm, is advising on this transaction with a team led by corporate/M&A consultant Javier García de Enterra. The takeover bid, orchestrated in conjunction with Alba's chairman, Mr. Carlos March, and Son Davi, a company under his full control, targets shareholders owning 5.54% of the share capital, as 94.46% have committed to the delisting vote and share lock-up until the bid's end. Legal guidance is provided by senior associate Patricia Puertas and associate Mara Rodrigo, with regulatory insights by Octavio Canseco.
Sectors
- Investment Management
- Legal Services
Geography
- Spain – Both Corporación Financiera Alba and the involved legal advisors are based in Spain, and the activities are focused on Spanish securities markets.
Industry
- Investment Management – The article discusses activities involving Corporación Financiera Alba, an investment firm, and its strategic decisions regarding share delisting.
- Legal Services – Clifford Chance, a law firm, is providing advisory services for the legal and regulatory aspects of the takeover.
Financials
- 84.20 euros per share – The price of the takeover bid per share for Alba's delisting.
- 5.54% of share capital – The percentage of Alba's share capital targeted in the takeover bid.
- 94.46% of share capital – The percentage of Alba's share capital that has committed to the delisting vote and share lock-up.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Corporación Financiera Alba | Target Company | Company | A Spanish investment firm undertaking the delisting takeover of its shares. |
| Clifford Chance | Legal Advisor | Company | Global law firm advising Alba on its delisting takeover bid. |
| Carlos March | Chairman and Main Shareholder of Alba | Person | Chairman and main shareholder involved in the takeover bid. |
| Son Davi | Bidding Company | Company | A company controlled by Carlos March, involved in the takeover process. |
| Javier García de Enterra | Corporate / M&A Consultant | Person | Leads Clifford Chance's team advising Alba. |
| Patricia Puertas | Senior Associate | Person | Part of Clifford Chance's advisory team on the transaction. |
| Mara Rodrigo | Associate | Person | Part of Clifford Chance's advisory team on the transaction. |
| Octavio Canseco | Senior Associate - Regulatory Aspects | Person | Provides regulatory advice for the transaction. |