Tiwel Holding Announces Public Tender Offer for all Shares in Sulzer AG
Tiwel Holding AG, Switzerland, a company controlled by the Renova group, today announced a mandatory public tender offer for all publicly held shares of Sulzer AG, which is listed on SIX Swiss Exchange and headquartered in Winterthur, Switzerland. Sulzer AG holds interests in technology companies and other enterprises specializing in pump solutions, rotating equipment maintenance and services as well as separation, reaction and mixing technology. Tiwel offers CHF 99.20 per Sulzer share. Before launching the mandatory offer, Tiwel purchased a certain number of shares in Sulzer and thereby crossed the threshold of 33 1/3%, triggering the obligation to launch a mandatory offer. When launching the offer, Tiwel, together with the parties acting in concert with it, owned 33.36% of the shares in Sulzer. Currently, Sulzer has 34,262,370 issued registered shares.
Bär & Karrer acts as Tiwel's legal counsel. The team includes Dieter Dubs and Ralph Malacrida (team leaders), Micha Schilling, Christian Moser, Faton Aliu, Sora Meyer, Vera Naegeli, Audrey Durand, as well as Daniel Lehmann (tax) and Mani Reinert (competition law).