04.02.2020

BME Approves Offer From SIX

04.02.2020
Shanny Basar

The company’s Board of Directors has approved the mandatory report on the tender, authorised by the Council of Ministers and the CNMV.

The Board of Directors of BME today approved the mandatory report on the Tender Offer for the Acquisition of 100 per cent of the shares in BME launched by SIX. The transaction received authorisation from the Council of Ministers on March 24th and the CNMV authorised, on March 25, the informative takeover bid prospectus.

Unanimously, the Board of Directors of BME has issued in the report a favourable opinion on the tender. The Board “positively values ​​the offer price” and considers that “the commitments assumed by SIX and the conditions and precautions imposed by the authorisation from the Council of Ministers are altogether adequate to protect the appropriate development of the Spanish official secondary markets and financial systems to which the aforementioned commitments refer “.

Otherwise, the Board has also announced its intention to accept the offer regarding the treasury shares held by BME. In addition, those members of the Board who hold shares in the company have stated their intention to accept the offer by tendering all their shares.

Source: BME

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