The marketing consultancy MIO Group, launched by former footballer Álvaro Arbeloa and his brothers, announced this Friday its intention to leave BME Growth, where it began trading in July 2021, through a voluntary takeover bid (OPA).
The offer will be put to a vote at an extraordinary general shareholders' meeting scheduled for September 22, the consultancy firm reported, explaining that its decision to delist from BME Growth aims to provide the company "with greater flexibility to develop its long-term strategic plan."
The takeover bid is open to all MIO Group shareholders, excluding treasury stock, and the price is set at €1.77 per share, according to the valuation report prepared by Argón Consultores Económicos Financieros as an independent expert.
"The exit from the public market is a strategic decision, aligned with the social interest and objectives of MIO Group, which will allow the company to focus on its growth. In this way, the company will concentrate its resources and efforts on operational and strategic development within a more flexible framework adapted to its current reality," the consulting firm emphasized in an official statement.
Following the extraordinary meeting, shareholders will have 20 business days to accept the offer for all or part of their shares. Subsequently, BME and the relevant supervisory authorities will be notified of the transaction through the appropriate channels, and its execution will be subject to obtaining the corresponding authorizations, the consulting firm stated.
MIO Group recorded net attributable losses of €3.62 million in 2024, a 22.4% increase over the €2.95 million loss it posted in the previous year, according to the company's financial statements published on the BME Growth.
Likewise, the former Real Madrid player's company had revenues of €58.45 million in 2024, a year-on-year decrease of 9.56% compared to the €64.63 million it earned in 2023.
