Luxembourg's Ministry of Finance has announced that the State and the Banque et Caisse d'Épargne de l'État (BCEE), also known by its Luxembourgish name Spuerkeess, each increased their participation in the capital of the Luxembourg Stock Exchange (LuxSE) on Friday.

As of 1 October 2021, the State's participation in the capital of LuxSE will rise from 11.70% to 21.19%, whilst that of Spuerkeess will increase from 22.75% to 25.35%. This follows the decision of Banque Internationale à Luxembourg (BIL) to reduce its stake to remain a 10% shareholder.

Luxembourg's Minister of Finance, Pierre Gramegna, commented: “The Luxembourg Stock Exchange is an essential infrastructure of our financial centre. Since its founding almost a century ago, it has been a driving force in the development of the Luxembourg financial ecosystem, and through the Luxembourg Green Exchange, launched five years ago, it has played a leading role in the international scale in building greener and more sustainable finance. It is for these reasons that I am delighted with this strengthening of the State's participation, which will make it possible to consolidate the long-term anchoring of the Stock Exchange in the Grand Duchy”.

“The increase in Spuerkeess's participation in the share capital of the Luxembourg Stock Exchange demonstrates our confidence in the crucial importance that the [stock exchange] has and will continue to have, for the future development of the Luxembourg financial centre and of the national economy as a whole", explained Françoise Thoma, Managing Director of Spuerkeess. "The increase in Spuerkeess' participation in the share capital of the Luxembourg Stock Exchange also reflects the fact that the Luxembourg Stock Exchange's business model, focused on the development of sustainable finance, is perfectly in line with our bank's 'Spuerkeess 2025' strategic plan".

Marcel Leyers, Chairman of the Executive Committee of BIL, added: “We remain one of the main shareholders of the Luxembourg Stock Exchange. This is important for us, and we will continue, in good agreement with the other shareholders, to support its development, as a partner”.