Anti-takeover shield to include renewables companies, which cannot be taken over if investor has over 5% market share


Banco Sabadell| Among the modifications made by the Government (and announced yesterday) to the law known as the “anti-takeover shield” is the inclusion of energy companies (including renewable generation companies) as strategic companies so that any foreign investor that exceeds 5% market share in a specific technology will have to request authorisation from the Government.

Assessment: It is possible that the modification made by the Government may have a certain negative impact on the renewable sector insofar as it hinders takeover bids for listed companies in the sector which, at present, the market gives a certain probability of being taken over.

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