The new website of the Hellenic Capital Market Commission has been launched. Among other functionalities, the site features a list of ‘takeover bids in progress’, for which special disclosure obligations apply. The list is a useful tool for market participants and investors for the purpose of complying with the special disclosure requirements laid down in Article 24 par. 2 of the Greek Takeover Law (3461/2006).This was a long-standing request of international investors who had no method of obtaining official information on this issue. Our firm has been discussing this with the regulator for quite some time and indeed these efforts had a part in this outcome.
The English version of the list is available here (none is currently in progress, though).