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Article L214-130 of the French Monetary and Financial Code

The SICAF may only make a public offer if the nominal value of the shares issued exceeds an amount set by decree.

This condition does not apply if the SICAF intends to make a public offer as referred to in 1° of Article L. 411-2.

Original in French 🇫🇷
Article L214-130

La SICAF ne peut procéder à une offre au public que si le montant nominal des actions émises est supérieur à un montant fixé par décret.

Cette condition n’est pas applicable lorsque la SICAF entend procéder à une offre au public mentionnée au 1° de l’article L. 411-2.

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