On 14 July 2022, HUN CB discussed shares with voting rights in acquisitions. HUN CB published article by Dr. Kornél Komlósi, HUN CB market compliance lawyer on the effects of shares with voting rights to determine control influence in acquisitions. Main Points The Capital Markets Act provisions apply to acquisitions of control of a target…
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France – AMF Fines for Takeover Report Failure
On 12 July 2022, FR AMF issued fines for failure to report holdings during takeover. FR AMF enforcement committee decided to impose fines against Mr. Christian Burrus, AFI ESCA, AFI ESCA Holding, AFI ESCA IARD, AFI ESCA Luxembourg, Dôm Finance. Investigation Findings Presumption of concertation: AFI ESCA Holding, AFI ESCA, AFI ESCA Luxembourg, AFI ESCA…
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Sweden – SBA Tambur Digital Portal Takeover
On 7 July 2022, SWE SBA reported banks purchase Tambur digital portal. SWE SBA reported a consortium of banks is to buy Tambur from current owner UC AB. Tambur is a digital portal that simplifies, streamlines the process of home purchases, gathering information needed for brokers and banks to carry out quicker transactions. Key Points…
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Q2 Foreign Direct Investment Across Europe
Being that the UEFA Women’s Euro 2022 tournament is underway, and Wimbledon has come to a close, I’ll devote this foreign direct investment roundup to the region. Get the full article
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India – RBI Takeover / Acquisition of Non-Bank PSO
On 4 July 2022, IND RBI issued requirements on sale of payment system. IND RBI issued requirements on takeover / acquisition of non-bank payment system operators (PSOs) and sale/transfer of payment system activity of non-bank PSO. Follows master directions on prepaid payment instruments (PPIs) dated 27 August 2021. Also follows guidelines on payment aggregators and…
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India – SEBI Imposes Fine for Substantial Shareholding
On 21 June 2022, SEBI imposed a monetary penalty on Tamarind Capital Pte Ltd under the provisions of section 15H(ii) of the SEBI Act for its violations of the provisions of Regulation 3(1) of the Substantial Acquisition of Shares and Takeovers Regulations. Tamarind Capital acting in concert with Jasmine Capital Investment acquired voting rights by…
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