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Question · Accounting acquirer in a reverse acquisition

Zeta SA, a listed company that runs a distribution business, issues shares to acquire 100% of the shares of Omega SA, which is unlisted. After the transaction, Omega's former shareholders hold 80% of the voting rights of Zeta and run its board. Write a short note concluding on the identification of the accounting acquirer, distinguishing facts of the case, rule and professional judgement.

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