Bondalti completes a delisting takeover bid for Ercros and reaches 85.85% of the share capital

The offer was accepted by shareholders holding 7,882,035 Ercros shares, representing 8.62% of the share capital and 37.86 per cent of the voting rights to which the offer was effectively directed. Following the settlement of the offer, scheduled for 21 September, Bondalti will hold a total stake of 85.85% of Ercros’s share capital.

The offer price amounts to 3.505 euros per share and will be paid entirely in cash.

Trading in Ercros shares is expected to cease on 23 September 2026, once the delisting takes effect. Accordingly, as previously communicated to the market in connection with the transaction, shareholders who have not accepted the offer will retain their stake in an unlisted company.

The CNMV has agreed to the precautionary suspension of the listing of Ercros shares from 00:00 on 11 September 2026, a measure which will remain in place until the company is definitively delisted from the Spanish stock exchanges.

With this outcome, Ercros begins a new phase as an unlisted company, which will enable it to proceed with greater flexibility in implementing its strategic priorities and, together with Bondalti, to strengthen an industrial project aimed at boosting its competitiveness and consolidating an Iberian chemicals group with greater scale and capabilities to compete in the current market environment.

The president of Bondalti, João de Mello, noted: “This result represents a very significant milestone for both Bondalti and Ercros, and enables us to successfully conclude an initial phase in which the objectives communicated to the market from the outset have been achieved: taking control of the company and completing its delisting. We can now continue to move forward with the integration process begun in recent months, guided by a long-term industrial vision, combining capabilities, experience and talent to strengthen the business’s competitiveness.”