By means of CNV General Resolution No. 1037/2024, the National Securities Commission (“CNV”) introduced a significant change in the provisions applicable to takeover bids.
It is worth mentioning that the rules regarding PTBs grant rights to minority shareholders in the event of certain substantial changes in the control or shareholding structure that may affect the strategic direction of the companies or their economic expectations.
This publication was prepared on the basis of information dated 06/12/2024 and does not constitute a legal opinion on specific issues. If necessary, expert legal advice should be sought.
For further information, please contact:
Sebastián Luegmayer – LuegmayerS@eof.com.ar