Promontoria Bravo Designated Activity Company made an offer to acquire Optimum RE Spain, SOCIMI, S.A. (BME:YORS) from Marc Sabé, BMB Cap Management, Antonio Gallardo Torrededía and others for €70.1 million on June 12, 2019. Cerberus offered to pay €14.10 per share. Cerberus' offer is conditional on at least 75% of the share capital signing an irrevocable commitment to sell its shares. The 75% offer will be paid in cash to the shareholders at the time of the closing of the transaction and the remaining 25% will be paid within a period of 18 months. However, for investors who want to charge 100% at once, Cerberus offers, as a second option, to buy their shares at €13.3 per share. As on August 12, 2019, Promontoria Bravo Designated secured the commitment of 92.88% stake in Optimum RE Spain. For the additional 7.12% stake, Promontoria Bravo Designated Activity will launch a public tender offer at €14.05 per share. Under the terms of transaction, offer price will be either €14.05 per share (75% to be paid on closing date and 25% will be paid after 18 months from closing date) or €13.28 per share (paid in full on closing date). The acceptance period of the offer start on August 13, 2019 and end on September 9, 2019. Promontoria Bravo Designated Activity Company completed the acquisition of Optimum RE Spain, SOCIMI, S.A. (BME:YORS) from Marc Sabé, BMB Cap Management, Antonio Gallardo Torrededía and others on September 9, 2019. Of the previous actions on August 12, 2019, a total of 1.134843 million shares, which represent 22.83% of the total shares that have accepted the offer, have opted for the cash payment option at €13.28 per share, while a total of 3.836384 million shares, which account for 77.17% of the total shares that have accepted the offer, they have opted for the price option of €14.05 per share of which, €10.54 is paid by the Promontoria in cash and the rest postponed after 18 months. Linklaters acted for Cerberus Capital Management on the financing of the acquisition.