Germany's financial regulator BaFin imposed a €320,000 penalty on Nomura Holdings for violating securities laws in connection with the tender offer for Commerzbank. The reason was that Nomura Holdings failed to report its voting-rights holdings for May and June by the deadline.
Germany's Federal Financial Supervisory Authority (BaFin) announced that it had imposed a €320,000 penalty on Nomura Holdings for violating securities laws. The case concerned Nomura Holdings' conduct while Italy's major bank UniCredit was making a tender offer for Germany's Commerzbank.
Nomura Holdings was reported to have failed to file information on its voting-rights holdings in Commerzbank by the deadline, and the violation was confirmed.
On the 15th, UniCredit reiterated its policy of proceeding with the acquisition of Commerzbank after obtaining ECB approval and announced that it expects to complete the remaining procedures required to realize the acquisition by year-end.