News

11 August 2011
News

FINMA Takeover Committee found the appeal against TOB decision 410/03 regarding "Quadrant AG" groundless in sofar as admissible

In its decision 410/03 dated 5 July 2011, the Swiss Takeover Board (TOB) has ascertained that Skandinaviska Enskilda Banken AB Frankfurt Branch is qualified and independent to prepare the additional audit operations in accordance with the decision B-5272/2009 of the Supreme Administrative Court from 30th november 2010. The qualified shareholder Sarasin Investmentfonds has challenged the decision 410/03. Since Skandinaviska Enskilda Banken AG, Frankfurt Branch gave up its mandate, the FINMA Takeover Committee found in its decision dated 11 August 2011 Sarasin Investmentfonds' appeal groundless in sofar as admissible.