OpenLegislation

Division 6.4

United Kingdom

Original text. Later amendments are not shown.

The buyer

  1. (a)

    must be a third party unconnected with the owners of WestLB; an ‘unconnected’ party here means any party who is not connected with any company belonging to the WestLB group within the meaning of Commission Regulation (EC) No 2790/1999f1;

  2. (b)

    must be reasonably expected to be able to obtain all necessary authorisations from all relevant competition authorities and other authorities to acquire the holding in WestLB;

  3. (c)

    on the basis of its financial resources and in particular its rating, must be able to ensure the solvency of the bank.

Annotations

Footnotes

f1

OJ L 336, 29.12.1999, p. 21.