The Spanish government will not take Bondalti’s public takeover bid (OPA) for the Spanish company Ercros to the council of ministers.
Approval of the respective prospectus depends on the Comisión Nacional del Mercado de Valores (CNMV), the capital markets regulator in Spain. Remember that the Portuguese company is an industrial chemical producer. On March 5th of last year, it went ahead with an offer that covers 100% of Ercros’ capital.
In a statement from Bondalti, published this Tuesday, November 25th, on the Ercros website, the decision, taken by the Spanish Minister of Economy, Commerce and Business, is made known. Carlos Cuerpo Caballero’s position validates the offer presented by the José de Mello Group company, in the sense that it will not have to be discussed in that country’s council of ministers.
In the statement dated November 24th, it is highlighted that, “today [24 de novembro]the resolution authorizing the economic concentration resulting from the Offer became firm and effective [da Bondalti sobre a Ercros]subject to the commitments published as Other Relevant Information on October 30, 2025, granted by the Comisión Nacional de los Mercados y la Competencia (“CNMC”) on that same date, as the Minister of Economy, Commerce and Enterprise did not consider it convenient to elevate the operation to the Council of Ministers”.