An unknown buyer launched a takeover bid to acquire remaining 50.4% stake of Barón de Ley, S.A. (BME:BDL) for approximately €220 million on November 20, 2018. The offer per share under the bid is €109. A bank Guarantee of €135.5 million has been provided by CaixaBank, S.A. The buyer does not plan to delist Barón de Ley, S.A. shares after the bid. The period for accepting the offer will be 15 calendar days from the trading day following the publication of the first announcement of the essential details of the bid, and will also end on a trading day. As on February 20, 2019, the acquisition was approved by Comisión Nacional del Mercado de Valores (CNMV). The Board of Directors of Barón de Ley, S.A. issued favorable opinion over the bid. The Spanish Securities Market Commission informs that acceptance period will last from February 25, 2019 to March 11, 2019. AZ Capital acted as financial advisor for the buyer. Alejandro Fernández de Araoz, Guillermo Bueno and Mª Antonia Pérez of Araoz & Rueda acted as legal advisors for buyer. Rafael Bazán and Javier Sánchez of Gómez-Acebo & Pombo acted as legal advisors for Caixabank. An unknown buyer completed the acquisition of additional 35.9% stake of Barón de Ley, S.A. (BME:BDL) for approximately €160 million on March 11, 2019. Post transaction, the buyer owns 85.5% stake.