BME bidder SIX could extend offer period as Covid-19 poses tendering issue

SIX Group could extend the offer period for Bolsas y Mercados Españoles (BME) as the coronavirus crisis poses tendering issues for retail investors, according to sources heard by Mergermarket. As reported, the Spanish government had authorised SIX Group’s takeover offer for the Spanish stock exchange operator Bolsas y Mercados Españoles (BME). The offer period is due to run from 30 March to 11 May, but it could be extended if the crisis is ongoing as the deal is closing, the sources said.

Linklaters is advising SIX Group on this transaction. The team has been led by partners Victor Manchado, Alex Kolb and Paloma Fierro.

Latham & Watkins is advising Bolsas y Mercados Españoles on this transaction. The team included Ignacio Gómez-Sancha, managing partner and head of corporate and m&a department and Luis Lozano, counsel of the corporate and m&a department.