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16.11.2020 |
EN |
Official Journal of the European Union |
C 390/9 |
Judgment of the Court (Ninth Chamber) of 16 September 2020 (request for a preliminary ruling from the Înalta Curte de Casație și Justiție — Romania) — SC Romenergo SA, Aris Capital SA v Autoritatea de Supraveghere Financiară
(Case C-339/19) (1)
(Reference for a preliminary ruling - Free movement of capital - Company law - Shares admitted to trading on the regulated market - Financial investment company - National regulations limiting the shareholding in certain financial investment companies - Statutory presumption of concerted action)
(2020/C 390/12)
Language of the case: Romanian
Referring court
Înalta Curte de Casație și Justiție
Parties to the main proceedings
Applicants: SC Romenergo SA, Aris Capital SA
Defendant: Autoritatea de Supraveghere Financiară
Operative part of the judgment
Article 63 TFEU must be interpreted as precluding a national measure which provides for a 5 % limit on a shareholding in a financial investment company, if that measure is not justified by an overriding reason in the public interest, which it is for the referring court to ascertain.