Apimec formalizes support to the Brazilian Takeover Panel

In July, Apimec Nacional – Association of Investment Analysts and Professionals of the Capital Market – issued a letter of support to CAF – the Brazilian Takeover Panel –, congratulating the association on the initiative, whose creation was inspired by the British Takeover Panel. Apimec Nacional joins Abrapp – Brazilian Association of Pension Funds – and Aberdeen Asset Management, United Kingdom’s largest third-party asset manager, which also formalized their support to the Panel, recommending that Brazilian companies adhere to it.
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. For additional information, please visit www.cafbrasil.org.br
Click here to access Apimec Nacional’s letter.