If made, the offer, that would be implemented as a tender offer with a 50% plus one
share acceptance condition, would be subject to regulatory and antitrust approvals and other customary conditions.
Atlantia, which is controlled by the Benetton family, (of retail and fashion fame), is seeking to acquire 50% plus one
share of Abertis.
Another Austrian real estate company, Conwert, was targeted by Germany's Deutsche Wohnen but the bidder could not attract the required 50% plus one
share for its offer of EUR 11.
This will allow the state to reduce its ownership to below 50% plus one
According to the deal, MetLife would own 50% plus one
share in Am-Life Insurance Bhd, while AMMB would own the remaining stake.
Non-Islamist students wanted to use the 50% plus one
mechanism, where only those who reap more than half of the votes win the elections.
The constitution requires a 50% plus one
vote for an outright win.
In strategic investments, the government will retain 50% plus one
1% from 50% plus one
share, while Novfintekh's holding will decline to 6.
In a letter to shadow treasury minister Chris Leslie, Mr Osborne said: "Under the terms of the agreement entered into by the previous Government (which included getting state aid approval from the European Commission) we are bound to dispose of at least 50% plus one
share of Northern Rock plc by the end of 2013.
The tender period will close on July 20 at the earliest, subject to a minimum acceptance level of 50% plus one
Ericsson bought the controlling stake of 50% plus one
share from bankrupt Canadian sector player Nortel Networks Corp in June 2010.