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Mobico Surges After Takeover Approach From Spain’s AdL

AdL is jointly owned by CMC Group and Asterion Industrial Partners; CMC is Mobico’s largest shareholder with a 26% stake. Mobico said its independent directors have carefully considered the approach.

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AdL is jointly held by CMC Group and a fund managed by Madrid-based Asterion Industrial Partners. CMC Group has been a long-term investor in Mobico since its sale of ALSA in 2005, and is the company’s largest shareholder with a 26% shareholding.Mobico said its independent directors have carefully e…