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Europe Daily Bulletin No. 8849

16 December 2004
Contents Publication in full By article 35 / 43
GENERAL NEWS / (eu) eu/internal market
Spanish law prevents existing shareholders preferential right to buy new shares

Brussels, 15/12/2004 (Agence Europe) - The Commission has decided to formally ask the Spanish Government to amend national rules on company law. The Commission believes this discriminatory treatment is an infringement of the principle of equal treatment of shareholders and of the “pre-emption” rights accorded to shareholders under the Second Company Law Directive (Article 42 and Article 29 respectively). This law allows a company quoted on the stock exchange, which is increasing its...

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THE DAY IN POLITICS
GENERAL NEWS