NewsHK
Dutch public takeover law has drawn in a Cyprus-registered buyer.
NNS Holding (Cyprus) Limited disclosed it has acquired shares in OCI, filing the notice under Section 5, paragraph 4 of the Netherlands Decree on Public Takeover Bids, the legislation known formally as the Besluit openbare biedingen Wft.
The filing and what it covers NNS Holding, identified in the document as the Offeror, issued the press release in compliance with Dutch takeover rules.
Section 5, paragraph 4 of the Decree sets mandatory disclosure requirements for parties that accumulate shares in a target during a public offer process.
Keep reading