Inocsa closes €2,277m financing for the takeover bid for GCO: Advisors
Inocsa has closed the financing of approximately 2,277 million euros to meet the price payment in the framework of the voluntary takeover bid for the 37.97% of Grupo Catalana Occidente’s capital that it does not yet control.
The financing has been secured since the prior announcement of the operation by CaixaBank, as sole bookrunner and underwriter, and subsequently syndicated with the backing of Banco Santander, Bankinter, BBVA and BNP Paribas (Branch in Spain).
Advisors
The Cuatrecasas team in charge of advising Inocsa on the transaction was led by partner Manuel Follia, together with lawyers Iñigo Várez and Antonio Ridao, from the Finance team. The Equity Capital Markets team, led by Gerard Correig and Roger Freixes, has also been involved to ensure the proper functioning of the financing in the framework of the takeover bid.
A&O Shearman advised CaixaBank and the syndicate of financial institutions with a team led by Jimena Urretavizcaya, partner, together with Sofía Sánchez-Calero and Marta Peláez.
