As reported since September 14, the company headed by TRAXION ‘s CEO and co-founder ( number 5 in the Top 100 of Motor Transport® ), Aby Lijtszain Chernizky, filed a Public Acquisition Offer (OPA) for 100% of the shares representing the outstanding share capital of TRAXION.
This company called Pantera Holdings submitted an offer to acquire the 542,382,858 outstanding shares of TRAXION, at a price of 13.18 pesos per share , which represented a 20% premium over the price of the 60 days prior to the announcement.
The tender offer began on September 22nd and was facilitated by Casa de Bolsa Santander, SA de CV, Grupo Financiero Santander México as intermediary, and the offer expired on October 20, 2026 at 3:30 p.m., the notice of which was published on the Mexican Stock Exchange (BMV) .
In the statement shared by TRAXION with its investors, it is specified, “According to the figures determined by the intermediary, 267,011,256 shares representing the share capital of TRAXION participated in the offer and were accepted by the offeror, which is equivalent to 49.2% of the total shares in circulation of the company.”
As Diego Diaz, Associate Director and Primary Rating Analyst at Fitch Ratings , mentioned in an interview with T21 a few days ago, TRAXION has not announced any plans to delist the company or cancel the registration of its shares on the Mexican Stock Exchange (BMV). “Based on the available information, this appears to be a transaction concerning the share structure, not a decision to leave the stock market .”
And this is confirmed by the shared statement, “TRAXION shares will continue to be listed on the Mexican Stock Exchange , since no offer was made in terms of article 108 of the Securities Market Law, so the company continues to be subject to the obligations applicable to issuers with securities registered in the National Securities Registry.”
At the time of announcing the tender offer, TRAXION’s stock began the day with a price of 11.06 pesos per share. On October 19, the day before the tender offer closed, it reached a high of the last month of 13.15 pesos, and today it remains with a loss of 0.62% compared to yesterday’s close, to stand at 12.90 pesos.
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