0
General

Indonesia changes mandatory takeover rules

Tuesday 1 July 2008 | 11:46 CET | News
The Indonesian capital markets regulator has raised the threshold for mandatory tender offers in acquisitions to 50 percent. Earlier, this threshold was 25 percent, Reuters reports. This ruling could affect Qatar Telecom's (Qtel) takeover offer for the outstanding shares in mobile operator Indosat. Recently, Qtel launched a tender offer to acquire all of the outstanding shares of Indosat, following the acquisition of a 40.8 percent stake in the operator from Asia Mobile Holdings. The regulator further said that if the free float after a takeover would fall below one-fifth, the buyer would have to sell shares within two years to ensure the free float of at least 20 percent. The new rules came into effect on 30 June.

Categories: General
Companies: Qtel
Countries: Indonesia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






Purchase price
most important reason for buying Yarvik tablet
Netherlands  |  2013 Q4

Calendar   /   Industry Events

24 Apr Sequans Q1 2014
24 Apr Millicom Q1 2014
24 Apr Broadcom Q1 2014
24 Apr Time Warner Cable Q1 2014
24 Apr Sonus Networks Q1 2014
24 Apr Verisign Q1 2014
24 Apr Microsoft fiscal Q3
24 Apr Freescale Semiconductor Q1 2014
24 Apr Mobistar Q1 2014
24 Apr Amazon.com Q1 2014
24 Apr Netgear Q1 2014
24 Apr Shoretel fiscal Q3
24 Apr Mail.ru Q1 2014
24 Apr Internap Q1 2014
24 Apr MTN Q1 2014
24 Apr AltiGen Communications fiscal Q2
24 Apr Verizon Q1 2014
24 Apr Bharti Infratel Q4 2013-14
24 Apr Telecoms Fraud Management and Revenue Assurance World Summit 2014
25 Apr KPN Q1 2014
25 Apr Tele2 Q1 2014
25 Apr Orange Poland Q1 2014
25 Apr FET Q1 2014
28 Apr China Telecom Q1 2014
28 Apr EE Q1 2014
28 Apr Meru Networks Q1 2014
28 Apr NEC FY 2014
28 Apr Charter Communications Q1 2014
28 Apr Telenet Q1 2014
28 Apr STMicroelectronics Q1 2014
::: More Calendar Items