CIE Automotive to launch self-takeover bid for 9.6% of capital and up to €278.9 million

Cuatrecasas has advised CIE Automotive, a business group specializing in the manufacture of automotive components, on formulating a voluntary and partial public tender offer for 9.6% of its share capital, for up to a maximum of €278.9 million.

The transaction will enable CIE Automotive to open a liquidity window in the market for its shareholders and, after settlement, to provide new liquidity to the stock and, in the best-case scenario, increase its free float on the stock market.

Structured in a demanding time frame, the advisory process is a clear demonstration of Cuatrecasas’s ability to provide a service of the highest level and sophistication in the Spanish capital markets field.

The Cuatrecasas advisory team responsible for the transaction was made up of lawyers José Ramón Berecibar, Santiago Bayo, Alejo Ortuño and Juan Manuel Navajas, from the Equity Capital Markets and Corporate Governance team.