Finance
Catalana Occidente's majority shareholder launches bid, plans to delist shares
Published by Global Banking & Finance Review®
Posted on March 28, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 28, 2025
1 min readLast updated: January 24, 2026
Inoc, the majority shareholder of Catalana Occidente, has launched a bid to acquire the remaining shares and plans to delist the company, offering a premium price.
(Reuters) - Spanish insurance company Catalana Occidente's majority shareholder Inoc on Thursday a launched a bid to buy the shares in the company it does not own to eventually delist it.
Inoc, which already holds a 62.03% stake in the 5.05 billion euro company, offered 50 euros ($53.93) per share, represents a premium of 18.3% on Wednesday's closing price, it said.
Catalana Occidente shares jumped 17% on Friday morning to 49.40 euros.
If the tender offer is successful, Inoc intends to exercise a squeeze-out of any minority investors and delist Catalana Occidente's shares from the stock exchange.
Catalana Occidente's board of directors will review the terms and conditions of the offer, the company said in a separate statement.
($1 = 0.9271 euros)
(Reporting by Joanna Jonczyk-Gwizdala in Gdansk. Editing by David Evans and Mark Potter)
The article discusses Inoc's bid to acquire remaining shares of Catalana Occidente and plans to delist the company.
Inoc offered 50 euros per share, representing an 18.3% premium on the previous closing price.
If successful, Inoc intends to exercise a squeeze-out of minority investors and delist Catalana Occidente from the stock exchange.
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