Legislative proposal to hike the ownership limit - update

In early December, when the political uncertainties were at their peaks, the Legislative Commission advised negatively the proposal. We view this piece of news as neutral since the market has expected a favourably avis from this commission. The legislative proposal has to go through another two commissions before the Chamber of Deputies could vote on it. The initiator of the legislative proposal was cited saying that the Chamber of Deputies might vote on it in March.

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