Schweizer Kraftwerksbeteiligungs-AG, a subsidiary of CSA Energy-Infrastructure Switzerland, acting in concert with Primeo Energy/KSM and EOS Holding, launched a public tender offer on all publicly held shares in Alpiq Holding, which was completed in October 2019. Subsequently a squeeze-out merger was resolved, which was completed on 29 June 2020. As a result of these transactions, Alpiq Holding now has a Swiss shareholder structure.

Bär & Karrer acted as legal advisor to the majority shareholders of Alpiq Holding (Schweizer Kraftwerksbeteiligungs-AG and Primeo Energy/KSM). The team included members of the team were Ralph Malacrida, Dieter Dubs, Thomas Stoltz, Sandrine Studer, Janine Wüst, Frédéric Mancosu, Charles Gschwind and Mischa Zenklusen (all M&A and Corporate), Susanne Schreiber, Cyrill Diefenbacher (both Tax) as well as Mani Reinert (Competition Law).