All posts in Corporate/Mergers and Acquisitions
Investment funds for sale to the general public – in other words, open-ended collective Investment structures of which shares may be redeemed on a regular basis and of which investment objectives are Financial instruments – have traditionally been strictly regulated in Norway.
In this article we set out certain key issues the board of a Norwegian listed company faces in a public takeover situation.
The Norwegian takeover rules correspond to a large extent to the rules within the EU. Notwithstanding this, there is some local variation within the EU and EEA. Further, there are always some cultural differences as well as differences in market practice. Below is an outline of certain key topics in a typical process of acquiring a company listed on the Oslo Stock Exchange.
Effective from 1 July 2014, the Financial Supervisory Authority of Norway (FSAN) will increase the fees for approval of prospectuses with 20 percent. The increase will apply to all types of prospectuses and also encompass the additional fee for so called specialist issuers.
Norway has for some time fairly consistently attracted foreign investments. Below we provide a brief overview of Norway and Norwegian industry as investment targets, including some process and negotiation issues.
Partners Thomas Sando and Aksel Hageler have contributed to the publication Vertical Agreements in 35 jurisdictions worldwide published by Getting the Deal Through by writing the Norwegian chapter.
According to a press release today from the Ministry of Trade, Industry and Fisheries, the Ministry has decided to commence a privatisation process of Entra. It has been decided that the privatisation can take place without properties being separated out from Entra.
Significant higher filing thresholds for notifications of concentrations, increased incentives to apply for leniency, and introduction of commitment decisions as a tool in behavioural cases are the most notable changes to the Norwegian Competition Act – that will enter into force 1 January 2014.