Bär & Karrer advises Saint-Gobain on the sale of Sika shares for CHF 2.56 Billion

Saint-Gobain‘s subsidiary Schenker-Winkler Holding (SWH) sold its 10.75% stake in Sika for CHF 2.56 billion. The shares were placed via a private placement to qualified institutional investors by way of an accelerated bookbuilding process (ABB). This transaction marks the last step of a process that started in 2014 and culminated in 2018, when Saint-Gobain acquired SWH which then sold 7% of the Sika shares back to the issuer. The remaining Sika shares were now sold in the ABB; Saint-Gobain generated in the entire transaction gross gains of EUR 1.54 billion.

The team

Bär & Karrer acted as legal advisor to Saint-Gobain and SWH. The team included partner Rolf Watter (pictured), associate Daniel Küpfer (both corporate), partner Susanne Schreiber and associate Martin Leu (both tax) as well as partner Daniel Raun (capital markets).