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Is there concerted action? The European regulator leaves it to the discretion of the CNMV

The decree-law on takeover bids in Spain makes it clear that "it will be understood that there is an agreement between shareholders when two or more people collaborate by virtue of an agreement, whether express or implied, verbal or written, in order to obtain control of the affected company.

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Is there concerted action? The European regulator leaves it to the discretion of the CNMV

The decree-law on takeover bids in Spain makes it clear that "it will be understood that there is an agreement between shareholders when two or more people collaborate by virtue of an agreement, whether express or implied, verbal or written, in order to obtain control of the affected company.

If those allies exceed 30% of a company or take the majority of the council, the partner participating in the agreement with the largest participation must launch a takeover bid on 100%.

Given the difficulty of trying this type of concerts, when they are not written

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