On 12 October 2020, FR GVT issued update on entry into force of EU regulation. DG Trésor issued an update on the entry into force of the regulation establishing a framework for screening of foreign direct investments (FDIs) in the European Union. Followed March 2019, EC regulation on screening foreign direct investment. Followed December 2019, […]
On 12 October 2020, GE BaFin imposed share threshold publishing breach. BaFin announced that on 7 October 2020, it imposed €600,000 fine on Covestro AG. For violation of section 130 paragraph 1 of the Administrative Offenses Act (OWiG) together with section 40, paragraph 1, clause 2 of the Securities Trading Act (WpHG). Imposed due to […]
On 9 October 2020, EBA issued compliance table regarding joint guidelines on prudential assessment of takeovers/acquisitions and increases of qualifying holdings in the financial sector.
On 9 October 2020, EC announced the EU framework for screening of foreign direct investment (FDI) will become fully operational as of 11 October2020. Following formal entry into force of FDI screening regulation in April 2019, EC and member States have worked on putting in place necessary operational requirements. Included notification by EU member States […]
On 8 October 2020, the Swedish regulator, Finansinspektionen fined StrateVic Finance Group AB for breach of the obligation to publish shareholding information about an increase in the number of shares and votes in StrateVic Finance Group AB. StrateVic Finance Group AB shall pay a penalty of SEK 200,000.
On 6 October 2020, POR CMVM issued FAQ on Efanor Investment takeover bids. POR CMVM issued FAQ on Efanor takeover bids on Sonae Indústria and Sonae Capital. Overview To clarify to market and general public aspects of takeover bids (independent of each other) of Efanor Investimentos, SGPS SA (Efanor) on totality of shares representing. Share […]