Austria Press Agency’s acquisition of new Swiss News Agency Group Keystone-SDA

Austria Press Agency (APA) and Schweizerische Depeschenagentur AG (SDA), the leading press agencies of Austria and Switzerland, merge their 50/50 Swiss joint venture company, Keystone AG, into SDA.

Through the merger, APA will become a major shareholder of the new Keystone-SDA Group. In addition, APA and Keystone-SDA entered into a long-term term cooperation in the IT business.

The transaction is subject to certain approvals (incl. approval by the national competition commissions).

Pestalozzi acted as Swiss legal advisor to APA in this transaction with a team led by Christian Leuenberger (Lead partner, in picture), Christoph Lang (Partner – Competition), Adam Weibel (Associate – M&A), Nikolaus Thaddaeus Paumgartner (Associate – M&A), Petra Spring (Associate – Employment), Madeleine Schreiner (Associate – Real Estate), Aline K. Bolli (Associate – IP), Lorenzo Baldassarre (Junior Associate – Competition).

Involved fees earner: Christian Leuenberger – Pestalozzi; Adam Weibel – Pestalozzi; Nikolaus Thaddaeus Paumgartner – Pestalozzi; Christoph Lang – Pestalozzi; Lorenzo Baldassarre – Pestalozzi; Petra Spring – Pestalozzi; Madeleine Schreiner – Pestalozzi; Aline K. Bolli – Pestalozzi;

Law Firms: Pestalozzi;

Clients: Austria Press Agency (APA) ;