Ercros SA (ES:ECR) has released an update.
Esseco Industrial, S.p.A. has publicly announced its intention to make a voluntary and competitive offer for the acquisition of all shares of Ercros, S.A., with the offer’s terms to be detailed in a forthcoming brochure upon approval by the National Securities Market Commission (CNMV). The Italian company, controlled by San Martino S.p.A., is fully committed to the cash consideration necessary for the offer, having secured the required financing. This strategic move, pending regulatory approval, could mark a significant consolidation in the chlor-alkali and derivatives market.
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