RHI – Takeover Commission has made a decision (ad hoc)

01. February 2008

The Takeover Commission has completed the investigation procedures dealing with the issue of whether the MS Private Foundation has, due to acting in concert with other parties, wrongly not made a mandatory bid or omitted a mandatory announcement (§§ 22 to 25 Austrian Takeover Act – ÜbG), with a notification dated 31 January 2008, delivered on 1 February 2008.

The Takeover Commission stated in its notification that the MS Private Foundation infringed neither upon the obligation to make a mandatory announcement nor the obligation to make a mandatory bid; therefore no sanctions according to civil law (§ 34 ÜbG) have been imposed.