Los March Launch €84.20 OPA for 5.54% to Delist Corporación Financiera Alba Amid 76% Share Surge

Los March have launched a public offer for exclusion (OPA) to delist Corporación Financiera Alba from the stock exchange, targeting the 5.54% of shares they do not currently control. In response, Corporación Financiera Alba convened a meeting to vote on this delisting proposal. Following the announcement, Alba's shares surged by 76%, with the offer price set at €84.20 per share, significantly above its historical highs. The move comes amid a broader trend in the market, as other companies, including Grupo Elektra and Minor Hotels, are also exploring similar actions to go private or exclude their shares from public trading.