Ercros Shareholders Reject Competing Tender Offers

Ercros SA (ES:ECR) has released an update.

Ercros SA has disclosed that approximately 150 of its shareholders, including significant shareholders Mr. Joan Casas Galofré and Ms. Montserrat García Pruns, have collectively expressed their intention not to accept competing voluntary public tender offers from Bondalti Ibérica and Esseco Industrial. These shareholders, representing 26.86% of Ercros’ share capital, have communicated this decision to the National Securities Market Commission, reiterating their independence from any concerted action. The board has maintained its duty of passivity in accordance with regulatory requirements.

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