FRANCE: AMF proposals to tighten France takeover regulations

Monday March 4 2013

It is being reported that French markets regulator the AMF has submitted proposals to the government to counter hostile France takeovers, including requiring bidders to win at least 50 per cent shareholder acceptance.

In addition, the AMF has also reportedly recommended excluding large firms from a current measure that exempts shareholders that own between 30 and 50 per cent of a company from launching a France takeover offer if they do not acquire more than an additional 2 per cent within a year.

This information will be updated as further details become available.