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Nyesa’s Share Price Soars After the Announcement of its Takeover Bid for Iffe Futura with a 60% Premium

The listed company has reported that it has reached an agreement with the majority shareholder of Iffe Futura to acquire the firm for 2 euros per share.

Infografia del proyecto ruso de Nyesa 1024x568 1
Infographic of Nyesa’s Russian project.

Nyesa has reported that it will launch a takeover bid for 100% of the industrial, real estate and services group Iffe Futura, which is listed on BME Growth with a market capitalisation of 28.3 million euros.

As reported by the company to the National Securities Market Commission (CNMV) on Monday, the agreement signed with David Carro, owner of 58% of the share capital of Iffe Futura, will ensure the launch of a takeover bid by Nyesa. The operation offers a 62% premium over Iffe Futura’s closing share price, which represents a valuation of up to 46 million euros.

Read the full article in Spanish.

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