Inoc Launches Public Offer for Catalana Occidente, Acquiring 62.03% Stake in €2.277 Billion Bid, Shares Surge 17%

Inoc, the holding company owned by the Serra family, has initiated a public offer to acquire all outstanding shares of Grupo Catalana Occidente, where it currently holds a 62.03% stake. Following the announcement, shares of Catalana Occidente surged by 17%. The bid is valued at approximately €2.277 billion, reflecting the family's intent to take the insurance company private. The move has sparked significant interest in the stock market, with analysts exploring the implications of Catalana Occidente's potential exit from the public market.