The Hellenic Capital Market Commission has been working lately on the amendment of the law on public proposals (squeeze out) so that the system of companies leaving the ATHEX becomes more rational and the arbitrariness on the part of the major shareholders to stop.

This is essentially an intervention in law 3461/2006 (during Alogoskoufi) on Public Offers that allows the majority shareholders - when they have accumulated 90% of the shares - to make a mandatory public offer for the rest of the shares, leading the shareholders to a complete minority.

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