24 December 2013 I Deals and Cases

Nestlé SA Sells its Entire Stake in Givaudan SA

On 11 December 2013, Nestlé sold its entire stake in Givaudan amounting to 926'562 shares of Givaudan (corresponding to approx. 10.03% of the total share capital of Givaudan). The shares of Givaudan were sold to institutional investors through an accelerated bookbuilding process led by Goldman Sachs. Measured by the share price before the announcement of the transaction, the value of the stake amounted to approx. CHF 1.14 billion.

Bär & Karrer advised Goldman Sachs in this transaction. The Bär & Karrer team included Thomas U. Reutter and Romina Brogini (Capital Markets), as well as Michael A. Barrot (Tax).