Takeover bids

For the entire collection of documents relating to this supervisory area, please consult the French or Dutch site.
You can, however, consult a selection of documents in English:

Legislation
- Laws
  
  01/04/2007
  Law of 1 April 2007 on Takeover Bids(120.78 KB)
  (Unofficial consolidated version: 07/2013)
- Royal Decrees
  
  27/04/2007
  Royal Decree of 27 April 2007 on Takeover Bids(202.01 KB)
Circulars and communications
- European documents
  
  ESMA: Public statement concerning shareholder cooperation and acting in concert
- Communications
  
  09/07/2019
  FSMA_2019_13
  Procedure for the submission and handling of dossiers relating to public offers(718.86 KB)
  Data to be reported for dossiers submitted to the FSMA pursuant to Article 20 of the Prospectus Regulation(60.79 KB)
  (update 15/12/2020)
Opinion of the FSMA

14/05/2019
FSMA_Opinion_2019_02
FSMA opinion on the standstill period provided for in the Royal Decree on Takeover Bids
Ongoing Takeover Bids

Standard form for disclosing transactions in securities during a bid period

Overview of the ongoing takeover bids
Prospectuses and press releases

List of prospectuses

List of announcements of takeover bids

List of notifications of securities operations
Questions and answers (FAQ)

Questions and answers on takeover bids and the MAR (dd. 15 January 2018)

1. When does a potential bidder have to announce his/her intention to launch a bid?

2. What information has to be included in a press release in which the potential offeror announces his/her intention to launch a bid?

3. When does notification have to be made of transactions in securities carrying voting rights or conferring access to voting rights in the offeree company, the offeror or the company whose securities are being offered by way of consideration?

4. Do the provisions regarding the obligation to disclose any inside information to the public apply in the context of the preparation of a takeover bid?

5. Does the legislation governing market abuse offer a legal framework for an offeror's negotiations regarding its takeover bid?

6. May an offeror still buy securities in the offeree company during the preparation of a takeover bid, in order to strengthen its position within the shareholdership (also known as stake-building)?

Consumers

Professionals

Takeover bids

Legislation

Laws

Royal Decrees

Circulars and communications

European documents

Communications

Opinion of the FSMA

Ongoing Takeover Bids

Prospectuses and press releases

Questions and answers (FAQ)

Consumers

Professionals

FSMA

Takeover bids

Legislation

Laws

Royal Decrees

Circulars and communications

European documents

Communications

Opinion of the FSMA

Ongoing Takeover Bids

Prospectuses and press releases

Questions and answers (FAQ)

Consumers

Professionals

FSMA

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