Tino Gaberthüel_Patrick Schärli
On October 4, 2023, Novartis successfully executed the spin-off of Sandoz by distributing Sandoz shares as a dividend-in-kind to Novartis shareholders and American Depositary Receipts (ADRs) holders. Sandoz shares are now listed on the SIX Swiss Exchange.
Lenz & Staehelin, represented by Tino Gaberthüel and Patrick Schärli, provided advisory services to Gordon Dyal & Co., the financial advisor to Novartis, throughout this transaction.
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