Tag Archives: CapLaw-2022-07
Liechtensteinische Landesbank Intends to Fully Acquire its 75% Subsidiary Bank Linth LLB
On 27 January 2022, Liechtensteinische Landesbank AG (LLB) has published the pre-announcement for a public takeover offer to acquire the approximately 25% of Bank Linth held by the public. LLB offers the shareholders of Bank Linth the free choice between a partial ex-change offer with a cash component or a full cash settlement. The State of Liechtenstein as the majority shareholder of LLB, represented by the government, will provide LLB with a maximum of 1.25 million LLB shares (corresponding to 4.1 per-cent of the shares of LLB) for the partial exchange offer.