The Pont family will exclude Borges Bain de Bolsa. The Catalan saga, which controls 88.98% of the actions of the Fruit Company, will withdraw the market company after a shareholders meeting Scheduled for February 17, presenting a public acquisition offer (OPA) for the entire capital of the company. This was approved by the Group Board of Directors at a meeting held this Friday.
According to Borges Bain in a statement issued to the National Securities Market Commission, the operation will be carried out through an OPA that will value the firm’s titles at 3.48 euros per share23% more than 2.83 euros per title in which the stock market session closed.
The offer will be directed to all minority except for those who vote in favor of stock market exclusion and also immobilize their actions during the period of acceptance of the offer.
The company thus closes a period of almost 40 years in the stock market. Borges Bain debuted in the Madrid Stock Exchange in 1987 in the Corros market and in July 2017 made the leap to the continuous market.
It is the second draft movement approved by the Font family in less than a year. In April, he approved to get rid of the agricultural division in favor of the Natural Capital Fund Fund for 70 and 80 million euros. The assets included the quotes of the quoted in Andalusia and Extremadura and the business in Portugal.
With the sale, the company closed the 2023/2024 year with a turnover of 118.5 million, 15% less than the 136 million of the preceding year. However, the operation allowed him to abandon the losses and jumped from red numbers of 1.9 million to earnings of 17.5 million euros.
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