A buyer consortium led by Clerbil and Ohmnia shareholders has launched a voluntary cash takeover bid to acquire 100 percent of Spanish vending manufacturer Azkoyen at 10 euros per share.
The offer price represents a 12.3 percent discount from Azkoyen's closing price of 11.40 euros on July 24, 2026.
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Despite dropping from a peak near 15 euros earlier in the month, the stock has gained 31 percent year-to-date.
Consortium Members and Conditions
The buyout group includes Clerbil, chaired by José Antonio Jainaga, along with Ohmnia investors Carmen Lequerica Holding, the Basque Institute of Finance, the Vital Banking Foundation, the BBK Foundation, and Kutxabank investment vehicle Indar Kartera.
Acquisition terms state that the offer price will be reduced by any future distributions of dividends or reserves made prior to settlement.
However, this adjustment excludes the ordinary and extraordinary dividends totaling 1 euro per share announced by Azkoyen on June 9.
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Execution of the takeover remains contingent upon reaching a minimum acceptance rate of 50 percent of Azkoyen's total share capital.
The bidding group plans to keep Azkoyen listed on the stock exchange while executing a reverse merger with Ohmnia.
Financial metrics show Azkoyen currently generates 400 million euros in turnover with an EBITDA of 65 million euros.
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In comparison, Ohmnia reports annual revenues of 190 million euros alongside an EBITDA of 27 million euros.