Complaint by MCH Group rejected

Christiane Appel - Wednesday, October 28, 2020    

The possible involvement of James Murdoch in the MCH Group, Basel, continues to complicate matters. The Swiss Financial Market Supervisory Authority (Finma) has rejected the complaint lodged by MCH Group against the decision of the Swiss Takeover Board (TOB) of August 20, 2020. By taking that step, Finma supports the injunction of the TOB that the opting-up clause for Murdoch's Lupa Systems agreed by the extraordinary general meeting of August 3, 2020 is invalid from a takeover law perspective because abstentions must be counted as "No" votes. According to this decision, Lupa Systems would have to make a mandatory public offer if it were to purchase a holding of more than 33.3 percent of the MCH Group. The board of directors continues to work together with all stakeholders to find a solution in order to be able to implement the necessary capital measures as soon as possible. (ch)


Related Articles

IFEMA launches tool for virtual tours of facilities

IFEMA has launched a new digital tool that gives a 360-degree view of spaces, rooms and halls at both Feria de Madrid and IFEMA Palacio Municipal.

Read more
Indoor positioning system enhances safety

The community of developers of Kölnmesse and Samsung SDS are launching a new product for indoor positioning.

Read more
Franken oversees Plastics & Rubber portfolio

Thomas Franken has taken on the post of project director for the Plastics & Rubber portfolio of Messe Düsseldorf.

Read more

Most read articles

Combining global insights and regional expertise

The UFI-EMS combines both global insights and regional expertise – following the clearly articulated need for education that adapts a global curriculum to specific regional and local requirements.

Read more
Because people are powerful!

A panel of industry representatives will provide their visions on the workforce for tomorrow and how to plan and prepare for a broader range of skills, structures, and mindsights to help this industry recover, adapt, and grow.

Read more
Meet Speaker Celia Navarrete

Mexico-based Celia Navarrete, president of AMPROFEC and Vice President, Construction of Informa Mexico was part of a panel ‘Government and Associations‘ during the 87th UFI Global Congress.

Read more

Categories and Tags

Markets | Advertorial | MCH Group | Swiss Financial Market Supervisory Authority | Switzerland | Europe