Cuatrecasas and Pérez- Llorca advise on the launch of a takeover bid for 37.9% of the shares of Grupo Catalana Occidente
Cuatrecasas and Pérez-Llorca have advised on the launch of a voluntary takeover bid for 37.97% of the shares of Grupo Catalana Occidente (GCO) that it does not yet control. Inocsa is offering 50 euros in cash for each share. Alternatively, the offer may be accepted in the form of a share swap, on the terms described in the offer documentation.
Inocsa currently holds 62.03% of the shares of GCO, which will be immobilised during the acquisition process. Therefore, the offer has a total estimated value of 2,277 million euros.
The Cuatrecasas team advising Inocsa was led by partners Gerard Correig and Roger Freixes, together with lawyers Santiago Bayo, Alejandro Ramón, and Marc Badia, from the Equity Capital Markets team.
Pérez-Llorca has advised Grupo Catalana Occidente on the transaction, with a team led by Francisco Iso and Javier Carvajal, both Corporate partners, along with Corporate lawyers Mikel Ataun and Ignacio Carnero.
