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Schindler seeking mandatory offers during takeovers

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Published Sun, Jul 5, 2015 · 09:50 PM

Zurich

FAMILY-CONTROLLED Swiss elevator and escalator group Schindler Holding plans to force anyone amassing at least half its share capital to make a mandatory offer to all other holders of shares and non-voting certificates, it said.

The move, which protects the interests of minority investors, will be put to shareholders at an extraordinary meeting on Aug 11, it said last Friday.

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