Australia-listed Macquarie Bank has overturned a German regulator's restriction that barred it from making a revised offer for Germany's biggest utility meter measurement company.
On Friday, the Germany's Federal Financial Supervisory Authority - BaFin - released Macquarie's bid vehicle, Macquarie European Infrastructure Fund II Energie Beteiligungen from a 12-month restriction that prevented it from making a new tender offer for Techem.