Gubel, S.L. made an offer to acquire additional 15% stake in Prosegur Compañía de Seguridad, S.A. for approximately ?150 million.
November 14, 2023
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Gubel, S.L. made an offer to acquire an additional 15% stake in Prosegur Compañía de Seguridad, S.A. (BME:PSG) for approximately ?150 million on November 15, 2023. The offer per share is ?1.83 for 81.75 million Prosegur shares representing 15% of its share capital. Post completion of the acquisition, Revoredo would control 75% of the security company.
Gubel has committed sufficient financing to obtain the necessary funds to meet the total consideration for the offer." In fact, he specifies that this consideration will be guaranteed by a bank guarantee. The offer is not subject to any conditions, so it will be valid and take effect regardless of the number of shares that accept it. The transaction is not subject to the obligation of notification or to obtaining any authorization or non-opposition, with prior or after its formulation, by the European Commission, the National Markets and Competition Commission or any other competition authority.
Francisco Sainz-Trápaga of Linklaters Advising the lenders on the financing granted to Gubel. As of February 20, 2024, The council of the National Securities Market Commission (CNMV) has authorized the transaction.
Prosegur Compania de Seguridad SA is a Spain-based company engaged in the provision of security services. The Companyâs activities are divided into business segments: Integrated Security Solutions (ISS), Cash in Transit (CIT) and Alarms. The ISS division provides surveillance and protection of premises, property and persons, as well as activities related to technological security solutions. The CIT division offers transportation, storage, safekeeping, counting and classification of coins and banknotes, deeds, securities and other goods that require special protection. The Alarms division comprises installation and monitoring of home alarms. The Company operates through numerous subsidiaries in Europe, Latin America, Asia, Africa and Australia. It is controlled by Gubel SL.