Cuatrecasas advises Bondalti on Ercros takeover bid
Cuatrecasas has advised the Portuguese industrial group Bondalti on its public takeover bid (OPA) for shares in the Catalan company Ercros. The transaction concluded with the acquisition of a controlling stake in the company, together with the structuring, execution and closing of the financing required to complete the deal.
The cross-border takeover bid, subject to multiple regulatory approvals and supported by a sophisticated financing structure, has positioned Bondalti as an Iberian player in the chemical sector, with the scale needed to compete in global markets and to anticipate the challenges facing the European chemical industry.
According to Cuatrecasas, the transaction is of significant relevance to Spanish financial markets and the business landscape, as it represents one of the very few unsolicited takeover bids launched in Spain—and the only one to have been successfully completed.
Cuatrecasas’ advisory team was led by partners Pere Kirchner and Gerard Correig (corporate), Héctor Bros and Manuel Requicha Ferreira (finance), Irene Moreno-Tapia and Pedro Marques Bom (competition), and Martí Adroer and Serena Cabrita (tax).
