CNMV approves Bondalti's delisting offer for Ercros

Spain's market regulator CNMV on 22 July 2026 approved the delisting tender offer by Portugal's Bondalti (the chemicals arm of the José de Mello group) for the remaining 22.77% of chemicals maker Ercros, after Bondalti had already acquired 77.23% via a first takeover bid in March. The offer price remains €3.505 per share and the acceptance period runs for 49 days; Ercros is then to be delisted from the Barcelona, Madrid, Bilbao and Valencia exchanges. Second source: El Conciso. UPDATE (24 July 2026): The acceptance period for the delisting offer has begun and runs until 10 September 2026. Update (16 Sep 2026): Bondalti has completed the delisting offer. According to the CNMV, 7.88 million shares, or 8.62% of share capital, were tendered — equivalent to 37.23% of the shares that had not accepted the first offer. Bondalti's stake therefore rises from 77.23% to 85.85%. Settlement was scheduled for 21 September 2026 and trading in Ercros shares is expected to end on 23 September 2026; shareholders who did not tender retain their holdings in what will then be an unlisted company. (Source: CNMV via pressdigital.es, 16 Sep 2026) Update (22 Sep 2026): The delisting has been completed — BME Markets & Exchanges removed 91.4 million Ercros shares from trading on the Madrid stock exchange as of Tuesday 22 September 2026 (nominal value €0.30 each, €22.3m of share capital in total). The basis is a CNMV decision of 18 September 2026; trading therefore ended one day earlier than previously announced (source: pressdigital.es, 22 Sep 2026).