Elantas Gmbh entered into share purchase agreement to acquire 80.9% stake in Von Roll Holding AG (SWX:ROL) from von Finck family for approximately CHF 240 million on August 11, 2023. At the same time, ELANTAS and Von Roll Holding AG have announced a binding agreement under which ELANTAS will make a public offer to acquire all publicly held shares of Von Roll Holding AG for CHF 0.86 net per share in cash. Altana has agreed to purchase 1.68% of the share capital from the management of the Swiss company. Including shares held by Von Roll Holding, Altana is securing a total stake of 84.25%. Von Roll?s board of directors recommended the acceptance of the offer. The tender offer and the share purchase agreement are subject to the customary conditions and regulatory approvals for this type of transaction. The offer should be launched in September. The transaction is expected to close in November 2023.

Urs Kägi, Dieter Dubs, Fabienne Perlini-Frehner, Susanne Schreiber, Ruth BlochRiemer, Laura Widmer, Markus Schott, Jonas Bornhauser, Micha Schilling of Bär & Karrer Ltd. acted as legal advisor to ELANTAS. Martin Furrer, Matthias Courvoisier, Susanne Liebel-Kotz, and Roger Thomi of Baker & McKenzie (Zurich) acted as legal advisor to von Finck family. Morgan Stanley acted as financial advisor to the von Finck family.