Bär & Karrer Advised Mobiliar on the
Reduction of its Stake in SMG by Way of
an Accelerated Bookbuilding

On 14 September 2026, Schweizerische Mobiliar Holding AG ("Mobiliar") successfully placed 7.5% of the share capital in SMG Swiss Marketplace Group AG ("SMG") via an accelerated bookbuilding process ("ABB"). As a result, its stake in SMG decreased from 19.3% to 11.8%. As part of the ABB, TX Group AG placed an order to acquire approx. 3.4 million shares in SMG, which was allocated in full, and SMG participated in the ABB by repurchasing approx. 1 million of its shares. The remaining shares were sold to institutional investors. Goldman Sachs, J.P. Morgan and UBS acted as joint global coordinators and joint bookrunners for the ABB.

Bär & Karrer acted as legal advisor to Mobiliar in this transaction. The team included Urs Kägi, Marie-Cristine Kaptan, Matthias Tanner, Marlene Lienau Schindler and Julia Büchler (all Capital Markets & Listed Companies), Peter Hsu (Regulatory) and Susanne Schreiber and Fabian Capt (both Tax).