On 19 January 2024, SWI COMCO prohibited the takeover by Swiss Post. SWI COMCO prohibited the takeover of Quickmail by Swiss Post to avoid monopoly. Main Points The Quickmail Group, with its two subsidiaries Quickmail and Quickpac, distributes letters, unaddressed mail, newspapers, magazines, parcels throughout Switzerland. Swiss Post is a competitor; for SWI COMCO, the…
Read more
Sweden – GVT Foreign Direct Investments
On 17 January 2024, SWE ISP updated information page on foreign direct investments. Page notes ISP is proposed review authority, per 1 November 2021 direct investment investigation final report, via law on notification, review of foreign direct investments. On 13 September 2023, Riksdag adopted bill that the government presented regarding the review of foreign direct…
Read more
Mexico – GVT Foreign Direct Investment
On 17 January 2024, MEX GVT updated its webpage on foreign direct investment. Noted 31 December 2023 updated list of Mexican companies authorized to raise foreign capital through the neutral investment mechanism, and foreign entities set up in MEX.
Read more
Taiwan – FSC Lowering Substantial Shareholding Threshold
On 16 January 2024, TAI FSC said that proposed substantial shareholding amendments will be published soon. Amendments Aims to lower the reporting threshold for substantial shareholdings from 10% to 5%. Shareholders will be able to submit their reports through file uploads on the market observation post system (MOPS), to effectively complete the substantial shareholding reporting…
Read more
E.U. – ESMA Issues Paper on Short Selling Ban Impact
On 11 January 2024, ESMA issued paper on 2020 short selling ban impact. ESMA issued working paper on market impacts of the 2020 short selling bans. Follows, ESMA, March 2022, market impact analysis on short selling bans. Follows, ESMA, April 2022 issued final report on short selling review. Overview At height of the COVID-19 related…
Read more
Croatia – HANFA Order on Takeover Bid
On 12 January 2024, CRO HANFA issued notice for shareholders of PIK from Rijeka. CRO HANFA informed the public that PIK-ESOP d.o.o. has submitted a new request for approval to publish a bid for the takeover of PIK dd since the first one was rejected. The price per share in the first takeover offer was…
Read more