Translation of "Beteiligungen erwerben" in English

Belfius will not acquire any stake in any enterprise.

The company was able to acquire holdings and establish branches within the country and abroad.

The leverage ratio exposure value of assets that are exposures to central governments or central banks as defined in Article 147(2)(a) of the CRR.

The traditional national operators have benefited from this development by intervening in the operation or by acquiring participation in new markets, either in their own countries (e.g. RATP, the urban transport operator in Paris, in Mulhouse and Clermont-Ferrand) or in other countries (such as NS, the national railway operator in the Netherlands, which has won the contract for urban railway transport in Liverpool).

Despite the ban, DBB/Belfius may acquire stakes in enterprises provided that the purchase price paid for any acquisition is less than 0,01 % of DBB/Belfius’ balance sheet at the date of this Decision and that the cumulative price paid for all such acquisitions over the whole restructuring period is less than 0,025 % of its balance sheet size at the date of this Decision.

Despite this ban, Belfius may acquire stakes in enterprises provided that the purchase price paid for any acquisition is 0,01 % or less of Belfius’ balance sheet at the date of the Decision and that the cumulative price paid for all such acquisitions over the whole restructuring period is 0,025 % or less of its balance sheet size at the date of the Decision.

The more generous terms for tax deduction of loss carry forward which apply to TEs if they are acquired by VCCs constitute an economic advantage for these two groups of companies as it allows them to realise tax savings.

Although Article 12(5) TRLIS is drafted to apply to all operators established in Spain, in practice only a limited and identifiable number of companies with a Spanish tax base, which make foreign acquisitions in the relevant tax year and have a sizeable tax base against which to offset the financial goodwill deduction, can benefit from the application of the measure on an annual basis.

As a result, the measure at issue in fact gives a different tax treatment even to Spanish operators in the same position of making acquisitions abroad.

The Commission is concerned that the scheme provides an advantage for Spanish companies acquiring foreign ones with respect to acquisitions of other Spanish companies.

In cases of acquisitions by venture capital groups, the Commission takes account of all other portfolio companies controlled by the group in its competition analysis.

It shall neither acquire any interest in an undertaking nor assume any responsibility in its management unless this is required to safeguard the rights of the Bank in ensuring recovery of funds lent.

Privatization must go together with financial innovation, which is also required to develop intermediation and give a proper basis for monetary policy.

The purpose of the company is to reorganize the consumer electronics and electrical components industry through cooperation between firms and production centres. For this purpose, it can set up enterprises, take shareholdings and finance firms in which it has shareholdings.

2.It shall neither acquire any interest in an undertaking nor assume any responsibility in its management unless this is requiredto safeguard the rights of the Bank in ensuring recovery of fundslent.