Bär & Karrer with UBS on sale of 50% stake in Swisscard
Bär & Karrer advised UBS on the sale of its 50% stake in Swisscard. On 21 October 2024, the deal was finalized with the announcement that UBS Switzerland and American Express Swiss Holdings agreed to the sale and purchase of UBS’s 50% stake in Swisscard.
Further, UBS and Swisscard concluded a deal to transition the Credit Suisse branded card portfolios to UBS. Both the sale of UBS’s stake in Swisscard and the transition of the Credit Suisse branded card portfolio to UBS are subject to certain closing conditions, yet to be determined.
Bär & Karrer acted as legal advisor to UBS in this transaction.
Bär & Karrer’s team
Vera Naegeli led the team, which included Rolf Watter, Linus Zweifel, Michael Bänziger, Fabian Schlegel and Soheyla Lichtensteiger (all M&A and Corporate & Commercial), Susanne Schreiber, Cyrill Diefenbacher, Fabian Capt and Martin Leu (all tax), Daniel Flühmann and Christina Werren (both Regulatory), Mani Reinert, Tim Meyer and Martin Werner (all Competition), Lukas Roesler and Annick Pietzonka (both Finance), Cinzia Catelli, Predrag Sunaric and Yves Tjon-A-Meeuw (all litigation) as well as Laura Widmer (employment).