Bär & Karrer Advises Saint-Gobain on the Sale of Sika Shares for CHF 2.56 Billion

 

29.05.2020

 

Saint-Gobain's subsidiary Schenker-Winkler Holding AG ("SWH") successfully sold its 10.75% stake in Sika for CHF 2.56 billion. The shares were placed via a private placement to qualified institutional investors by way of an accelerated book-building process ("ABB").

 

This transaction marks the last step of a process that started in 2014 and culminated in 2018, when Saint-Gobain acquired SWH which then sold 7% of the Sika shares back to the issuer. The remaining Sika shares were now sold in the ABB; Saint-Gobain generated in the entire transaction gross gains of EUR 1.54 billion.

 

Bär & Karrer acted as legal advisor to Saint-Gobain and SWH. The team included Rolf Watter, Daniel Küpfer (both Corporate), Susanne Schreiber and Martin Leu (both Tax) as well as Daniel Raun (Capital Markets).

 

 

Search Deals & Cases