WelcometoDe Brauw

On 5 January 2026, the OECD published the Side-by-Side (SbS) Package. This package complements the OECD Inclusive Framework's model rules aimed at securing global 15% minimum taxation for large multinationals (referred to as "Pillar 2"). These minimum taxation rules have been implemented within the EU with effect from 1 January 2024.

De Brauw had advised a consortium consisting of Advent, FedEx, A&R Investments and PPF on an all-cash offer for InPost S.A., a leading European e-commerce solutions enabler specialising in out-of-home delivery and automated parcel lockers. The offer values InPost at approximately EUR 7.8 billion and is unanimously recommended by InPost's executive board and supervisory board.

De Brauw advised TenneT Holding on the sale of a 25.1% stake in TenneT Germany for EUR 3.3 billion to Kreditanstalt für Wiederanbau (KfW), acting on behalf of the German State. The German State has also committed to participate in primary equity contributions up to an amount of EUR 2.3 billion to uphold its stake once further capital contributions are made. With this transaction, TenneT Germany is valued at an enterprise value of approximately EUR 40 billion representing an EV/RAB multiple of 1.09. This transaction marks another significant milestone contributing to a robust and resilient European electricity system and therefore shaping the future of critical energy infrastructure.