Transformations

Transformations

SWAP AGREEMENTS

ln order to undertake a cross shareholding, or in certain instances a merger, it is necessary to exchange securities between two or more companies. This is effectuated pursuant to a “swap agreement”. ln brief, the swap agreement is an exchange of securities in which the securities exchanged represent the cost of the operation. Instead of the payment of cash, Greenberg, Hornblower, Deschenaux & Partners has experience with this type of transaction, particularly in dealing with the stock market authorities to obtain permission.
GHD LLP

GHD LLP (155)