GREECE: HCMC penalty for violation of Greece mandatory bid rules

Tuesday March 18 2014

The Hellenic Capital Market Commission has imposed a €30,000 fine on Ntiesat Investments Limited, a Cypriot firm, for breach of the Greece takeover mandatory bid rules.

Ntiesat Investments failed to make a mandatory bid for all the remaining shares of Atermon Dynamic Communication S.A., despite crossing the mandatory bid threshold of 1/3, in violation of Article 7, paragraph 1 of Law 3461/2006.

Click on the above link for the press release (in Greek).