On 17 June 2025, POL PPK advised that following POL FSA's decision on takeover of 13 June 2025, subfunds with a similar level of risk and investment horizon separated within Skarbiec PPK SFIO (acquiring fund) and PFR PPK SFIO (acquiring fund) had been merged. POL PKK said this will enable greater efficiency in managing PPK…
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Brazil – CVM Postpones Changes to Takeover, Shareholding
On 18 June 2025, BRZ CVM published Resolution 230, to postpone effective date until 1 October 2025. Resolution 216 covers specific changes to harmonize rules with Resolution 215. Resolution 215 set new regulatory regime for the OPA, replacing Resolution 85. These Resolutions are a result of Public Hearing 05/23, re public share acquisition. The main…
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Hong Kong – SFC Updated Takeover Table
On 16 June 2025, the SFC updated its Takeover table to include the following: offer period for UTS Marketing Solutions Holdings Limited (Stock Code: 6113) closed on 13 June 2025.
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Hong Kong – SFC Updated Takeover Table
On 12 June 2025, the SFC updated its Takeover table to include the following: offer period for UBA Investments Limited (Stock Code: 0768) closed on 11 June 2025.
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Hong Kong – SFC Updated Takeover Table
On 5 June 2025, the SFC updated its Takeover table to include the following: offer period for PT International Development Corporation Limited (Stock Code: 0372) closed on 5 June 2025.
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Romania – ROM ASF Entity Acquisition/Takeover Criteria
On 28 May 2025, ROM ASF published draft law on acquisition assessments. ROM ASF issued draft regulation amending Reg 3/2016 on criteria and procedure for assessment of acquisitions/takeover and shareholding increases in FSA-regulated entities. Purpose Clarify assessment processes for acquisitions/takeovers, increases in shareholding in regulated entities. Aligns and harmonizes Reg 3/2016 to provisions of ESAs…
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