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.
