Cuatrecasas advises on the launch of a self-takeover bid for 9.6% of CIE Automotive’s share capital
Cuatrecasas has advised CIE Automotive, a business group specializing in the manufacture of automotive components, on the formulation of a voluntary and partial tender offer for 9.6% of its share capital for a total amount of up to a maximum of 278.9 million euros.
The transaction will enable CIE Automotive to open a liquidity window in the market for its shareholders and, subsequently, after settlement, to provide new liquidity to the stock and, in the best case scenario, increase its free float on the stock market.
Structured in a demanding time frame, the advisory process is a clear demonstration of Cuatrecasas’ ability to provide a service of the highest level and sophistication in the field of capital markets in Spain.
The firms team responsible for the transaction was made up of lawyers José Ramón Berecibar, Santiago Bayo, Alejo Ortuño and Juan Manuel Navajas, from the ECM and Corporate Governance team.
