---
title: BME Approves Offer From SIX
description: There is appropriate protection for the development of Spanish secondary markets and financial systems.
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 04.02.2020

 By Shanny Basar

 From The Markets

# BME Approves Offer From SIX

 04.02.2020 By Shanny Basar

![BME Approves Offer From SIX](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/bats-direct-edge-complete-merger-950-May-12-2022-09-33-51-81-AM.jpg)

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The company's Board of Directors has approved the mandatory report on the tender, authorised by the Council of Ministers and the CNMV.

https://twitter.com/GrupoBME/status/1245360834752270336

The Board of Directors of BME today approved the mandatory report on the Tender Offer for the Acquisition of 100 per cent of the shares in BME launched by SIX. The transaction received authorisation from the Council of Ministers on March 24th and the CNMV authorised, on March 25, the informative takeover bid prospectus.

Unanimously, the Board of Directors of BME has issued in the report a favourable opinion on the tender. The Board “positively values ​​the offer price” and considers that "the commitments assumed by SIX and the conditions and precautions imposed by the authorisation from the Council of Ministers are altogether adequate to protect the appropriate development of the Spanish official secondary markets and financial systems to which the aforementioned commitments refer ".

Otherwise, the Board has also announced its intention to accept the offer regarding the treasury shares held by BME. In addition, those members of the Board who hold shares in the company have stated their intention to accept the offer by tendering all their shares.

Source: BME

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