Ercros S A : appoints its advisors for the Bondalti takeover process
April 10, 2024 at 04:07 am EDT
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Further to the communication of other relevant information published by the Company on 7 March 2024 under registration number 27,297 in relation to the application for authorization of a voluntary tender offer for 100% of the share capital of the Company at a price of 3.60 euros per share (the "Offer") filed on March 5, 2024 by Bondalti Ibérica, S.L.U., and admitted for processing by the Comisión Nacional del Mercado de Valores on 20 March 2024 (as communicated by means of a communication of other relevant information published on 20 March 2024 under registration number 27,566), it is hereby stated that the Company has engaged Evercore Partners International LLP, as financial advisor, and Uría Menéndez Abogados, S.L.P., as legal advisor, to assist the Board of Directors during the process in fulfilling their duties and safeguarding the interests of the Company's shareholders.
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Ercros SA is a Spain-based company engaged, together with its subsidiaries, in the chemical industry. The Companyâs products are structured into three business lines: Businesses Associated to Chlorine, which comprises the production of chlorine, ethyl acetate, caustic soda, sodium hypochlorite, dichloroethane, chloromethane, sodium chlorate and caustic potash, polyvinyl chloride (PCV), as well as water disinfectants; Intermediate Chemicals, which produces formaldehyde, glues and resins for the fiberboard and plywood industries, and Pharmaceuticals, which comprises raw material and intermediate products used in the pharmaceutical industry. The Company owns such subsidiaries as Marcoating SLU, Gades Ltd and Ercekol AIE, among others. In April 2014, it sold Fosfatos de Cartagena SLU to Timab Iberica.
ERCROS, S.A. 
