Sale of Astrada AG to STRABAG SE

The owner of Astrada AG has signed a share purchase agreement on 100% of the shares of the company which will be acquired by Austrian STRABAG SE. The parties have agreed to keep confidential the conditions of this transaction, which is expected to close in March 2011.

Astrada AG is a long-established construction company, active mainly in the Cantons of Solothurn and Berne. The sale has been made in line with the succession planning of the sole owner of company's shares.

The seller has been advised by Bär & Karrer in the transaction. The team included Michael Trippel and Felix Kappeler.