Luxembourg – CSSF Takeover Bids Law

Luxembourg – CSSF Takeover Bids Law

On 27 March 2023, LUX GVT issued consolidated version of law of 19 May 2006, transposing dir 2004/25 on takeover bids, applied from 28 Deccember 2005 - 27 July 2022.

Background

  • On 24 July 2022, LUX CSSF published consolidated law on takeover bids.
  • he law transposes EU directive 2004/25/EC of 21 April 2004 on takeover bids.
  • Applies to takeover bids for securities of companies governed by laws of EU member states where all or some of the securities are admitted to trading on regulated market.