Inversiones y Servicios Publicitarios, S.A. made an offer to acquire 46.74% stake in Antevenio S.A. (ENXTPA:ALANT) for €11.2 million on August 3, 2016. Under the terms of the offer ISP will acquire 1.87 million shares at a price of €6 per share. The offer will open in early September 2016. Antevenio's Board of Directors will hold a meeting on August 5, 2016 in order to give its opinion on the terms of the offer. ISP and Aliada Investment, B.V. (a company belonging to the same group) hold, in the aggregate, 2,135,047 Antevenio shares, representing 50.74% of Antevenio's shares capital and voting rights. In a related deal, Inversiones y Servicios Publicitarios acquired 11.89% stake in Antevenio S.A. (ENXTPA:ALANT) from Joshua David for €3 million.

On June 30, 2016 BM&A Advisory & Support was appointed by the Board of Directors as the independent expert in charge of preparing a report on the terms of the offer. On August 8, 2016, Board of Directors of Antevenio SA, renders favorable opinion on the terms of the contractual voluntary tender offer. The contractual voluntary tender offer will be open for ten trading days, from September 5, 2016 to September 16, 2016. Jean-François Louit and Martin Duvernoy of Mayer Brown acted as legal advisors for Antevenio. Patrick Jaïs, Delphine Vidalenc and Laurent Halimi of De Pardieu Brocas Maffei acted as legal advisors for Inversiones.

Inversiones y Servicios Publicitarios, S.A. acquired 33.9% stake in Antevenio S.A. (ENXTPA:ALANT) for €8.2 million on September 16, 2016.