News

21 December 2011
News

FINMA Takeover Committee dismisses the appeal lodged by Sarasin Investmentfonds against TOB Ruling 410/04 regarding "Quadrant AG"

In Ruling 410/04 of 14 November 2011, the Swiss Takeover Board (TOB) has ascertained that Swiss Capital Alternative Investments AG (together with Swiss Capital Corporate Finance AG), Kepler Capital Markets SA and Mazars Coresa SA are independent and qualified to prepare the additional audit operations in accordance with decision B-5272/2009 of the Supreme Administrative Court of 30 November 2010. Aquamit B.V. has been given a deadline to mandate a review body. The qualified shareholder, Sarasin Investmentfonds Ltd, has challenged Ruling 410/04. On 21 December 2011, the FINMA Takeover Committee dismissed the appeal of Sarasin Investmentfonds and confirmed the TOB Ruling 410/04.