Autor: CapLaw
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Note from the Editors | The draft bill for revised Financial Market Infrastructure Act: A shift of paradigm without basis
A shift of paradigm in legislation is normally triggered by flaws or loopholes in the substance of the existing legislation. Looking at the draft bill for the revision of the Financial Market Infrastructure Act (FMIA), this does not seem to apply to the Swiss government, which proposes to change the current regime of disclosure obligations…
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Spin-off and Listing of Sunrise on the SIX and NASDAQ by Liberty Global
On 16 October 2024, Liberty Global Ltd. (NASDAQ: LBTYA, LBTYB and LBTYK) and Sunrise Communications AG announced the key dates of the spin-off of Sunrise from Liberty Global. After the spin-off, Sunrise, which is Switzerland’s largest private telecommunications provider, will be an independent, separate publicly traded Swiss company. As part of the spin-off, Liberty Global…
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Molecular Partners Offers USD 20m of American Depositary Shares
On 25 October 2024, Molecular Partners AG, a clinical-stage biotech company developing a new class of custom-built protein drugs known as DARPin therapeutics announced that it had priced an underwritten offering of 3,642,988 American Depositary Shares (ADSs) representing 3,642,988 new shares at an offering price of USD 5.49 per ADS amounting to gross proceeds of…
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Viseca Payment Services AG Issued CHF 150m 1.350 per cent. bonds due 2029
On 30 October 2024, Viseca Payment Services AG successfully completed its issuance of CHF 150m 1.350 per cent. bonds due 2029. Raiffeisen Schweiz Genossenschaft, UBS AG and Zürcher Kantonalbank acted as Joint Lead Managers.
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GAM Holding AG’s Rights Offering
On 15 November 2024, GAM Holding AG, an independent and global asset management firm headquartered in Zurich and listed on the SIX Swiss Exchange M, completed its capital increase and rights offering with net proceeds of approximately CHF 98.2 million. The proceeds from the offering will be used to repay amounts outstanding under a loan…
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EQT, ADIA and Auba’s placement of Galderma Group AG Shares
On 25 November 2024, Sunshine SwissCo AG (a consortium led by EQT), together with ADIA and Auba Investment Pte. Ltd., successfully placed 16,000,000 shares in Galderma Group AG at a price of CHF 80.00 per share via an accelerated bookbuilding process. The placement raised CHF 1,280 million in total.
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McDonald’s Corporation issued CHF 550m bonds in aggregate in the Swiss market
On 26 November 2024, McDonald’s Corporation closed the issuance of two series of CHF bonds, CHF 300,000,000 1.050% Notes due 2028 and CHF 250,000,000 1.30% Notes due 2032. The bonds were issued under McDonald’s Corporation’s USD 20,000,000,000 Global Medium-Term Notes Program. The bonds have been admitted for provisional trading and will be listed on the…
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Public tender offer by One Equity Partners for Cicor Technologies
On 12 December 2024, OEP 80 B.V. („OEP“), an indirect subsidiary of OEP VIII GP, LLC., published a mandatory public tender offer for all publicly held shares of Cicor Technologies Ltd. (SIX: CICN) at an offer price of CHF 55.17 per CICN share (corresponding to the volume-weighted average share price during the last 60 trading…
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Public tender offer by LPSO Holding for Orascom Development Holding
On 17 December 2024, LPSO Holding Ltd („LPSO“), the primary holding company of the Sawiris family, the majority shareholder group of ODH, published a voluntary public tender offer for all publicly held shares of Orascom Development Holding AG (SIX: ODHN; „ODH“) at an offer price of CHF 5.60 per ODH share. The offer price marks…