Boka Nhanhatu, wezvemari mupi anoshanda anoshanda Zurich Stock Exchange, iyo huru Swiss Stock Exchange, yakatanga chirongwa chePublic Offering of Acquisition (OPA) chemasheya paBME nemari inosvika mamirioni 2.842,92 emamiriyoni. Nemutengo wekuvhiya uri pamakumi matatu nemana euros pamugove. Izvo zvinofanirwa kuyeukwa kuti mukana wekutora, kupihwa pachena neruzhinji kuti uwane masheya kana zvimwe kuchengetedzeka, chiitiko chekushambadzira umo imwe kana dzakawanda makambani anopa mukana wekutenga migove kune vese vagovani vekambani.
Iyo Ruzhinji Kupa Kwekutenga inogona kana inogona kusave nehushamwari, asi mune ino kesi yanga iri yekutanga yezviitiko. Uye pamutengo unosangana nezvinotarisirwa nevatengesi nekuve pazasi pemutengo wakanyorwa panguva iyoyo. Mhedzisiro yacho haina kutora nguva yakareba kuti iuye mumisika yemari uye migove yeBolsas y Mercados de España yakakoshesa. kutenderera 35% sezvo iri basa rinobatsira kwazvo kune zvavanofarira.
Mune chero zviitiko zvacho, yanga yave nguva yakareba kubvira pakaitwa mashandiro eaya maitiro pamusika weSpanish wemusika uye nekudaro yakakwezva kutariswa kwawakaitwa nenzira iyi. Asi pamusoro pezvose nekuda kwehuwandu hwayo, iyo neimwe nzira yakashamisa vamiririri vakasiyana mumisika yemari. Zvino chinhu chega chasara ndechekuti ichi Chekuwana Ruzhinji Kuitisa kunoitika mumazuva mashoma anotevera. Asi pamusoro pezvose, nzira dzekudyara idzo diki neepakati varimi varipo iye zvino.
Kutora bhidha kune BME ye34 euros
Mutengo wakaburitswa wePublic Offering of Acquisition (OPA) yemasheya paBME wave kumagumo mu 34 euros pamugove. Iyi imari yemari iyo basa risati raitwa, zvichave zvinonakidza kune vanoita mari kuti uve iwo mutengo wayo pasi peichi chiyero, kutenderera makumi matatu euros. Kunyangwe mushure mekukwira kwavo mumusika wemasheya, zvikamu zveBolsas y Mercados de España zvave zvishoma kupfuura makumi matatu nemashanu euros. Panguva ino, zvinodikanwa kuti uongorore marongero akasiyana akasiana nevashandisi pamwe nekukosha kwemusika unoramba uripo wemari dzeSpain.
Nekuti hapana mubvunzo kuti inofanirwa kusiyanisa pakati pevatengesi vanga vatova nezvinzvimbo zvavo mukuchengeteka nevaya vari kunze kwemisika yemari. Nekuti ivo vanozove neakasiyana zvachose nzira dzekudyara. Nema digengences munzira yavo yekushanda vakatarisana nechikwata chiri kunyatso kuzivikanwa kune chikamu chikuru chevashandisi vemusika wemasheya. Uye kuti ivo vanogona kuita kuti mafambiro abatsire zvichibva pane zvavanofarira mukutarisana nezvingaitika mumavhiki anotevera. Ikoko kunogona kunge kuriko mutsva mutsva wekutora neimwe kambani yekunze.
Mutengo wepakutanga wapfuurwa
Vavaki vemari vaive vakaiswa mumutengo vaitozowana purofiti kubva mukushanda kweichi Ruzhinji Kupa Kwekutenga (OPA). Naizvozvo vangadai sarudzo mbiri kubva panguva idzi, uko kwekutanga kwaizove kugadzirisa zvigaro zvavo muukoshi uye kunakirwa nemari inowanikwa inowanikwa. Chingave chiito chinonzwisisika kwazvo kuti ubatsirwe neichi chiitiko chisingatarisirwe pamusika wemasheya. Asi vane imwe sarudzo yechipiri, iyo inomirira kumirira kuti mutengo weOPA uwedzerwe neimwe kambani, kunyangwe mune iyi njodzi yekuti basa harizoitwe.
Kune rimwe divi, kana iri kunze kwekukosha yatove nenjodzi kutora matanho ekugadzira imwe purofiti mavari. Zvinenge zviri pamubhadharo wekuvandudza Ruzhinji Kupa Kwekutenga (OPA), iri nyore panguva ino. Asi kana zvisiri, hongu hazvigone kutariswa seanonakidza oparesheni nekuti yakaoma kwazvo kuti mutengo wemasheya upfuure iwo azvino mazinga mukotesheni. Uye kuita izvi kungave kuri pasi pemiganhu midiki kwazvo. Naizvozvo, harisi zano rakanaka kupinda mukambani ino yakanyorwa pamatanho emitengo yazvino.
Enda kuOPA
Sarudzo yechitatu iyo varimari vadiki nepakati varimari varimo mumatanda ndeyekuti vanoenda here kana kwete kuRuzhinji Kupa Kwekutenga. Kubva pane ino maonero, iko kuvhiya kunogona kuve kunonakidza kwazvo kune zvako zvaunofarira sezvo ivo vachigona kuwana kudzoka pane ino sitoko kufamba pakati pe20% ne40% zvichibva pamutengo wekutenga kwakaitwa pamberi peichi chiitiso pamusika wemasheya. Chido icho chavaisakwanisa kufunga chero nguva chavaigona kuwana nekambani yakanyorwa. Vachikundikana izvo, vanogona kumirira kwenguva yakati rebei kuti vakurumidze purofiti yavo kuti vaone kana masheya avo anogona kupfuura mazinga e36 euros.
Chimwe chinhu chinofanirwa kuongororwa mukushanda uku ndechekuti BME kuchengetedzeka kwakanyorwa pamusika wepasirese wenyika uye wakanyudzwa mune rova kupomerwa kwazvo. Mushure mekuve kwemakore mazhinji tichitengesa mune yakasarudzika indekisi yeSpanish equities, iyo Ibex 35. Kunyangwe zvakakosha kuti uzive kuti huwandu hwayo hwemari hahuna kumbobvira hwave hwakanyanya, asi nekusiyana kwave kuri kumwe kwekubhejera pamusika wemasheya nemari shoma. Kugadzira iko kugadzirisa mune yekupinda uye yekubuda mitengo yechengetedzo yakaoma kwazvo.
Kiredhiti kweizvi investments
Mamwe masangano emari anopa mari kune avo vatengi vanoda kuenda kuruzhinji uye panguva chaiyo, kune chero mamiriro ezvinhu, havana mari inodiwa yekutarisana nebasa ravo rekutenga. Mune zvimwe zviitiko kuburikidza nezvikwereti zvega zvega zvinoshanda muMusika unoenderera uye, mune vamwe kuburikidza nemutsara wezvikwereti kuenda kuOPA, nguva dzose pamari isingasviki zviuru makumi mashanu euros uye ine yakanyanya nguva yekubhadhara iyo inosvika makore mashanu.
Mupfungwa iyi, vashandisi vanosarudza iyi sarudzo yechikwereti vanofanirwa kuziva kuti vanozofanira kubhadhara pakati pe7% ne9% mubereko, iyo inosvika 0,5% ichafanirwa kuwedzerwa kuvhura makomisheni, ayo anofarira kuti purofiti kuwanikwa pamusika wemari uri pamusoro pe10%, kuitira kuti mashandiro acho abatsire zvido zvavo. Ichi chigadzirwa chemari maererano netambo dzechikwereti chinogona kuwanikwa mumusika webhangi pasi peimwe sarudzo dzinogutsa dzevatengesi vevatengesi. Semuenzaniso, kuburikidza nezvikwereti zvinoenderana nekuti ndiwe muridzi wemadhipoziti, kuchengetedzeka kana mari uye uine account nesangano rinopa nzira yemari. Mune ino chaiyo kesi, ivo vanogona kukumbirwa kune chero chinodikanwa chinogona kumuka pasina kudzima mari dzakaitwa.
Chero zvazvingaitika, kushanda uku kwakatendera vashandisi kutora mukana wePublic Acquisition Offer nekwaniso yekukura parizvino inopihwa nemisika yemari. Uye nenzira iyi vanovhara zvigaro muukoshi nenzira inogutsa yezvavanofarira sevashambadzi vadiki nepakati. Ndokunge, shure kwezvose, chimwe chezvinangwa zvacho zvikuru. Mushure mekunge BME yakwira kupfuura 34%, uye yakapfuura mutengo wemubhadharo wekutora. Sarudzo yavo inofanirwa kuitwa zvichibva pahunhu hwavo sema investor uye mune zvese zviitiko munzvimbo ye nguva isiri refu Nekuda kwemamiriro akasarudzika ekuvhiya uku kwakashamisa munhu wese.
Mamiriro ekushanda
National Securities Market Commission yakaudzwa kuti nhasi SIX GROUP, AG ("NHANHATU"), Kambani yemubereki yeboka rinotarisira zvigadzirwa zvemusika uye masisitimu emari muSwitzerland, yaita bhizimusi rekutora kwe100% yezvikamu yeBME, ichipa mutengo we 34 euros pamugove (iyo "pa”), Zvichienderana nemamiriro ekuti ichagamuchirwa nevashandi vanobata 50% pamwe chete mugove wezvikamu zveBME, uye mvumo dzinodiwa zviri pamutemo dzinowanikwa.
Chipo ichi chinotungamirwa nehurukuro pakati pevamiriri veSITANHARA neBME, panguva iyo SIX yakapa kuBhodi reVatungamiriri veBME chirongwa chemaindasitiri cheramangwana manejimendi, masisitimu nezvivakwa parizvino zvinotarisirwa neBME, pamwe nezvisungo izvo iri kuda kutora chinopesana neBME nezviremera zveSpain kuti ive nechokwadi chekuchengetedzwa kwekuvimbika uye kugadzikana kwemisika yambotaurwa, masisitimu nezvivakwa.
Iko kutengeserana kwakatsanangurwa neSITANhatu kune zvakapetwa kaviri: kune rumwe rutivi, izvo zvinoenderana nehupfumi hupi hweChipo; uye, kune rimwe divi, izvo zvine chekuita neindasitiri chirongwa chebhizimusi rakabatanidzwa iro raizobva muTransaction kana raive rakabudirira, uye zvakanyanya kwazvo nezve zvese zvine chekuita neramangwana manejimendi, masisitimu nezvivakwa izvo parizvino zvakapihwa BME. Mukuvhiya kutsva pamusika weSpanish wemusika.