M&A report: Luxembourg

Author: | Published: 28 Aug 2018
www.gsk.de

SECTION 1: MARKET OVERVIEW

1.1 What have been the key trends in the M&A market in your jurisdiction over the past 12 months and what have been the most active sectors?

The past 12 months have shown a growing trend in M&A transactions targeting Luxembourg-based entities as well as acquisitions outside of Luxembourg that were started using a Luxembourg structure.

Luxembourg-based targets are typically not at the centre of high-profile M&A deals. The last large M&A transaction involving a Luxembourg target was the €30 billion ($34.25 billion approximately) successful takeover bid of Mittal Steel on Arcelor resulting in the biggest steel producing entity worldwide. Other local M&A transactions were investments by Qatar into Cargolux, a worldwide leading cargo airline operating from Luxembourg and into KBL Bank and Banque Internationale à Luxembourg, as well as other investments by Qatar and Chinese investors into...