Pax Holding (Genossenschaft), Pax, Schweizerische Lebensversicherungs-Gesellschaft AG and Nürnberger Lebensversicherung AG to acquire the remaining approx. 70 per cent of the share capital and voting rights in Pax Anlage AG. The transaction is further subject to governmental approvals.

Bär & Karrer, together with Battegay Dürr Wagner AG, acts as legal advisors to Pax Anlage AG in this transaction. The Bär & Karrer team includes Thomas Reutter, Mariel Hoch, Daniel Raun, Daniel Heiniger and Sandro Fehlmann (all Corporate/M&A) as well as Mani Reinert (Merger Control).