Swiss Prime Site AG Successfully Completes Rights Offering in the Amount of Approximately CHF 349 Million
On 7 December 2011, Swiss Prime Site AG, one of the leading real estate investment companies in Switzerland, successfully completed a capital increase by way of a rights offering to its shareholders in the amount of approximately CHF 349 million. The net proceeds of the rights offering will be used to finance Swiss Prime Site AG's existing and potential new real estate development projects. Credit Suisse AG, UBS AG and Zürcher Kantonalbank acted as Joint Lead Managers in the offering.
Bär & Karrer acted as legal adviser to Swiss Prime Site AG in the transaction. The team included Thomas Reutter, Rashid Bahar, Ariane Riedi Wirth, Claudio Bazzi, Romina Brogini, Sibil Melliger, Nicolas Ramelet as well as Michael Barrot (Tax).