Aberdeen publicly supports the Brazilian Takeover Panel

On May 19, Aberdeen Asset Management, United Kingdom’s largest third-party asset manager, sent a supporting letter to the Brazilian Takeover Panel (CAF), recommending that Brazilian companies adhere to the association, which creation was inspired on the British Takeover Panel.
“Additional support like this one will be formalized with foreign and local investors with a view showing to Brazilian companies that their adherence to CAF is valued among investors”, says Walter Mendes, Managing Director at CAF.
About CAF
The Brazilian Takeover Panel (CAF) results from a new effort towards the self-regulation of the market to establish, in Brazil, a private association that gathers specialization, promptness and accuracy in ensuring equitable conditions among shareholders in tender offers, takeovers, mergers of shares, and mergers and split-ups with takeovers involving Brazilian listed companies, provided these companies are willing to adhere to the panel.
CAF is supported by the Association of Capital Market Investors (AMEC), the Brazilian Financial and Capital Markets Association (ANBIMA), the Securities, Commodities and Futures Exchange (BM&FBOVESPA) and the Brazilian Institute of Corporate Governance (IBGC) that, in turn, operate as sponsoring associations of CAF’s Supporters Association (ACAF), a non-profit association that provides CAF with technical and administrative support.
Click here to access Aberdeen’s letter.
For additional information about CAF, please visit www.cafbrasil.org.br