ANALISYS OF TAKEOVERS IN FINANCIAL SECTOR

U ovom radu analiziraju se postupci preuzimanja društava u financijskom sektoru i ispituju se po različitim kriterijima s ciljem utvrđivanja trendova u tim postupcima. Također se analizira uloga Hrvatske agencije za nadzor financijskih usluga, Hrvatske narodne banke i Agencije za zaštitu tržišnog natjecanja. Obrađuju se i instituti istiskivanja manjinskih dioničara: squeeze out, povećanje i smanjenje temeljnog kapitala. Naglašavaju se razlike u uređenju instituta squeeze out prema Zakonu o preuzimanju dioničkih društava i Zakonu o trgovačkim društvima.This paper analyzes takeovers of the providers of financial services in the Republic of Croatia, when target (join stock) company is listed at the Zagreb Stock Exchange. Those processes are tested according to several criteria in order to determine the trends. Since the many regulators are involved into those processes, their role is analyzed as well, particularly the role of the Croatian agency for supervision of financial services, the Croatian national bank and the Agency for protection of competition. The paper explores also corporate actions that follow after takeover is completed, such as squeeze out procedure, the increase and decrease of the share capital, mergers etc. The emphasys is put on differences in regulating the institute squeeze out under the Takeover Act and the Companies Act