Global Standards for the world economy

Wednesday 24 February 2021

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Business combinations under common control

Business combinations

 Business Combinations under Common Control

Project objective

Group restructurings and reorganisations including those related to preparations for initial public offerings are excluded from the scope of IFRS 3 Business Combinations, because the combining entities are controlled by the same party. These restructurings and reorganisations are often described as business combinations under common control (BCUCC).