On 17 June 2019, FINFSA announced Danko Koncar penalty now totals €110mn. There have accumulated 11 additional installments from July 2018 and June 2019. On 1 March 2019, Helsinki Administrative Court dismissed the complaint by Koncar. Judgment not final as Koncar has appealed to the Supreme Administrative Court. Background On 21 February 2018, FINFSA fined…
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U.K. – CMA Paypal/iZettle Takeover
On 12 June 2019, UK CMA confirmed it had cleared PayPal’s completed takeover of rival mobile payments company iZettle after an in-depth, Phase 2, investigation. While iZettle and PayPal are 2 of the largest suppliers of mPOS devices, the firms' customers are also willing to switch to more traditional style point of sale devices. Two…
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Hong Kong – SFC Takeovers Table Updated
From 2 June 2019, a new offer period has commenced for Maanshan Iron & Steel Company Limited (Stock Code: 323).
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Oman – CMA Acquisition, Takeovers
On 23 May 2019, OMN CMA issued takeover and acquisition regulation. Issued administrative decision issuing the Takeover and Acquisition Regulation for public joint stock companies listed on the Muscat Securities Market (MSM). Published in Official Gazette on May 19 pursuant to Art. 7 of Capital Market Law. Key Points Regulation aims to regulate takeover and…
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Hong Kong – SFC Takeovers Table Updated
From 22 May 2019, a new offer period has commenced for Sheng Yuan Holdings Limited (Stock Code: 851).
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Hong Kong – SFC Takeovers Table Updated
On 16 May 2019, the offer period for Qianhai Health Holdings Limited (Stock Code: 911) closed.
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