Egypt: Acquisition of Listed Companies
Type
E-journal
Date
16 Mar 2016
Jurisdiction
Egypt
Taxonomy
Companies & Corporate Bodies, Financial Services & Activities
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
The Egyptian Capital Market Law and its regulations (CML) has regulated the acquisition of listed stock and gaining control over listed entities.
The CML has regulated the submission of tender offers, whether mandatory (required by the CML and its relevant regulations) or optional. The regulations were issued to achieve certain goals, including transparency, equality, access to information, market protection, regulating conflict of interest and proper use of insider information.