Judgment of the Court (fifth chamber) of 27 November 2025.#YO v SVEMA TRADE d.o.o.#Reference for a preliminary ruling – Company law – Directive 2004/25/EC – Mandatory public takeover bid – Compulsory withdrawal of security holders – Protection of minority shareholders – Article 15, paragraph 5, third subparagraph – Consideration for the presumed fair offer – Presumption refragable.#Case C-567/24.

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Official record CELEX 62024CJ0567_SUM from European Union at Court of Justice of the European Union. Dated 27 November 2025. Status: decided.

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• Arrêt de la Cour (cinquième chambre) du 27 novembre 2025.#YO contre SVEMA TRADE d.o.o.#Renvoi préjudiciel – Droit des sociétés – Directive 2004/25/CE – Offre publique d’acquisition obligatoire – Retrait obligatoire des détenteurs de titres – Protection des actionnaires minoritaires – Article 15, paragraphe 5, troisième alinéa – Contrepartie de l’offre présumée juste – Présomption réfragable.#Affaire C-567/24.

  judgment · FR · 27 November 2025

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