Smarttia Spain, S.L.U. and Alazady España, Sl launched a takeover bid to acquire the remaining 13.6% stake in Greenalia, S.A. (BME:GRN) for €52.6 million on May 2, 2022. Under the terms, Smarttia Spain, S.L.U. and Alazady España, Sl will pay €17.5 per share. The offer would not be subject to any conditions, without prejudice to the necessary approval by the general meeting of shareholders of Greenalia of the exclusion from trading and of the formulation of the offer. As of June 13, 2022, Greenalia, S.A. shareholders had approved the transaction. As of July 20, 2022, the transaction completion date has been extended till July 22, 2022. Clifford Chance has advised Banco Santander on a loan granted to the majority shareholder of Greenalia to acquire its shares in the context of its delisting takeover bid with respect to BME Growth. Lazard Asesores Financieros, S.A. acted as financial advisor to Greenalia.

Smarttia Spain, S.L.U. and Alazady España, Sl completed the acquisition of the remaining 13.6% stake in Greenalia, S.A. (BME:GRN) on July 31, 2022.