The Takeovers Act regulates the manner, conditions and procedure for making a takeover bid. The Act’s main purpose is to protect minority shareholders. The Act regulates voluntary and mandatory takeover bids and gives minority shareholders the option to exit the ownership structure of the offeree company in which the takeover threshold has been reached. The Takeovers Act is based on the principle of the equal treatment of domestic and foreign legal and natural persons. It does not contain any special provisions concerning foreign investors.
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