Euskaltel says goodbye to the bag with a revaluation of 63% in six years

Euskaltel has left the stock market after the CNMV suspended its quotation at the masmotimum request, which launched at the end of March an OPA of 2,000 million

Euskaltel says goodbye to the bag with a revaluation of 63% in six years

Euskaltel has left the stock market after the CNMV suspended its quotation at the masmotimum request, which launched at the end of March an OPA of 2,000 million euros for 100% of the shares of Euskaltel through the Kaixotecom society.

Thus, the company finished its journey in the parquet with a revaluation of 63% in the last six years (went on a stock market in 2015). The firm ends this chapter with a quotation of 10.94 euros per share, while MASM will pay 11 euros for each of them.

This operation was supported mostly by the share capital (97.67%), a support facilitated the operation. On August 27, Masma will make the forced sale of shareholders' titles that did not accept friendly operation.

The counselor of economic development, sustainability and environment of the Basque Government, Arantxa Tapia, said that they will collaborate with the company, which will continue in the Basque Country, "so that its development is the best possible," he said in an interview with Radio Vitoria Collection by Europe Press. Tapia did not want to assess the OPA, because she believes she does not correspond to the executive to do it, but to the actions "that you really have to talk about."

"At this time, we find a company of a greater dimension that can compete at the state and international level, with more important guarantees, which has put on the table a series of performances in Euskadi in an intense way in terms of capacity of production, arrival at new facilities that are going to start up, and we will collaborate with that company as with all those that are located in Euskadi so that its development is the best possible, "added the counselor.

Updated Date: 17 August 2021, 12:31

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