News and developments
Bär & Karrer Advises Swiss Prime Site on its Rights Offering
On 28 September 2018, Swiss Prime Site,
the largest publicly listed real estate investment company in Switzerland,
completed a capital increase by way of a rights offering to its shareholders in
the amount of approximately CHF 320 million. 97,7% of the shareholders of Swiss
Prime Site exercised their subscription rights in the rights offering. The
remaining new shares not subscribed were placed in the market. The offer price
was set at CHF 74.00 per share. Credit Suisse and UBS Investment acted as Joint
Global Coordinators, J.P. Morgan and Zürcher Kantonalbank acted as Joint
Bookrunners.
Bär & Karrer acted as legal adviser
to Swiss Prime Site in this transaction. The team included Thomas U. Reutter,
Alexander von Jeinsen, Frédéric Mancosu, Nora Flückiger, Carlo Hunter and
Manuela Cassano (all Capital Markets) as well as Christoph Suter and David
Weimann (both Tax).