CIE Automotive, S.A. announces an Equity Buyback for 11,591,517 shares, representing 9.68% for ?278.2 million.
Published on 03/19/2025 at 19:00
Share
CIE Automotive, S.A. (BME:CIE) announces a share repurchase program. Under the program, the company will repurchase up to 11,591,517 shares, representing 9.68% of its issued share capital for ?278.2 million. The shares will be repurchased at ?24 per share. The purpose of the Offer is to provide all the shareholders with the possibility of timely liquidity. The program is subject to approval from Spanish Securities Market Commission(?CNMV?) and from shareholders at the Annual General Meeting to be held on May 7, 2025. As of March 20, 2025, the company had 119,717,772 outstanding shares and 89,712 treasury shares.
On June 18, 2025, the company announced the program will commence immediately and run until July 2, 2025.
CIE Automotive SA is a Spain-based company engaged, through its subsidiaries, in the production of biofuels, as well as in the supply of components and subassemblies for the automotive industry. The Company is also involved in the Information Technology (IT) sector, with the provision of technological solutions for the healthcare, education, sustainability, transport and communications sectors. The Company is a parent of Grupo CIE Automotive, a group which comprises a number of controlled entities with operations established in Spain, Portugal, France, Lithuania, Morocco, Czech Republic, Romania, Brazil, Argentina, China, Russia, Guatemala and Mexico, among others. The Company has such subsidiaries as Global Dominion Access SA, CIE Inversiones e Inmuebles Sociedad Limitada and CIE Berriz Sociedad Limitada, among others. In February 2014, the Company acquired a 50% stake in RS Automotive NV owned by VEP Fund I Holding Cooperatief WA.
