Erscheinung:19.11.2021 | Topic Company takeovers Wild Bunch AG: BaFin issues warning prior to the imposition of a coercive fine
In a notice dated 11 November 2021, BaFin ordered Mr. Ingmarus Johannes Maria Snijders to comply with its obligations under section 35 (1) sentence 1 and section 10 (3) sentences 1 and 2 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz – WpÜG) towards the shareholders of Wild Bunch AG, and warned that it would otherwise impose a coercive fine in the amount of EUR 10,000.
Mr. Ingmarus Johannes Maria Snijders failed to comply with its obligations under section 35 (1) sentence 1 and section 10 (3) sentences 1 and 2 of the WpÜG relating to the attainment of control of a company.
BaFin’s notice is immediately enforceable but not yet final and binding.
