On 20 March 2025, IND SEBI enabled online filing for two acquisition / takeover reports. IND SEBI introduced online filing system for reports filed under regulation 10(7) of SEBI (substantial acquisition of shares and takeovers) regulations, 2011. Follows IND SEBI February 2023 issued master circular on procedures, formats. IND SEBI Intermediary Portal IND SEBI explained…
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Switzerland – SECO Screen Foreign Investment RE:Takeovers
On 17 March 2025, SWI PRL said the Council of States approved a proposal to impose stricter controls on takeovers of Swiss companies by foreign investors by 16 votes. The National Council tightened the draft law last Sep., specifically, it decided at the time that the investment screening should also apply to non-governmental investors. Also,…
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Netherlands – ACM Investigates Takeover of Ziemann
On 7 March 2025, NLD ACM launched investigation into takeover of Ziemann. NLD ACM announced that it had launched an investigation into the recent takeover of the Dutch branch of the German Ziemann by the cash transport company Brink's. Summary These specialist companies transport cash to, for example, ATMs and physical stores on behalf of…
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Finland – TEM Reform of Takeover Act
On 6 March 2025, FIN TEM appointed working group to prepare reform of takeover act. FIN TEM appointed cross-sectoral working group to prepare the reform of the Act on the monitoring of foreign corporate acquisitions in line with the government program. Assessment memorandum on the need for reform was completed on 5 February 2025. Working…
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Hong Kong – SFC Updated Takeover Table
On 6 March 2025, the SFC updated the Takeover Table offer period for China National Building Material Company Limited (Stock Code: 3323) closed on 5 March 2025.
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South Korea – Takeovers: Mandatory Bids
On 4 March 2025, Nextrade, a new Alternative Trading System (ATS) commenced operations. shares acquired on the new ATS are also excluded from the tender offer / mandatory takeover rule this follows the amendment to the Capital Market and Financial Investment Business Act FSC press release can be found here (Korean).
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