Bilbao, 08.07.2025 – CIE Automotive announced today that the voluntary public tender offer for its own shares, launched on March 20th at a price of 24 euros per share, has received a minimal level of acceptance from shareholders.
It is important to note that the purpose of the offer was to provide all shareholders of the Company, under equal conditions, an additional liquidity opportunity outside the regular functioning of the stock markets, in a complex stock market, macroeconomic, and sectorial context.
Specifically, the offer has received acceptance for 1,138,292 shares, representing 9.82% of the offer and 0.95% of the company’s capital. This result, far from being interpreted as a lack of interest, represents a vote of confidence from the market in the company's strength, potential, and future value, as already anticipated by the company’s analyst reports, which recommended not to accept the offer for 24 euros when the average target price for CIE Automotive’s stock is currently 33 euros, nearly 40% higher.
Jesús María Herrera, CEO of CIE Automotive, stated: “We interpret this low acceptance as clear support for our strategy and the path we are following. For shareholders to choose not to sell their shares at 24 euros is, essentially, a sign of their confidence in our long-term vision.”
He continues: “The stock market has been especially tough on the automotive sector, with low valuations that do not always reflect the true performance of companies, as is the case with CIE: year after year we improve results and generate high levels of cash, which allows us to reduce our debt to historic lows, an objective value creation that the stock has not reflected in recent years. Despite this, we remain confident that this situation is temporary and that the market will recognize the value of the project.”.
The outcome of the offer reinforces CIE Automotive's commitment to responsible management and operational excellence, as well as its ambition to continue creating value for all its stakeholders.
