Bär & Karrer acted as legal advisor to Primeo Energie and CSA Energie-Infrastructure Schweiz on the deal.
The two Alpiq consortium shareholders EOS Holding SA (EOS) and Primeo Energie (formerly EBM; member of the Consortium of Swiss Minority Shareholders KSM) are each taking over half of the 25.04 percent block of Alpiq shares from Eléctricité de France (EDF) at a price of CHF 489 million.
The purchase by Primeo Eergie and EOS will be financed through mandatory exchangeable loan agreements made by CSA Energie-Infrastruktur Schweiz (CSA) as lender, the biggest investment pool for Swiss energy infrastructure with 135 Swiss pension funds acting as investors. At maturity the mandatory exchangeable loan agreements will be converted into shares in Alpiq. Primeo Energie and EOS thereby pave the way for a Swiss shareholder structure of Alpiq.
Bär & Karrer acted as legal advisor to Primeo Energie and CSA Energie-Infrastructure Schweiz on the deal with a team led by Ralph Malacrida (picture) and included Thomas Stoltz, Dieter Dubs, Sandrine Studer, Alexander von Jeinsen, Janine Wüst, Frédéric Mancosu, Charles Gschwind, Grégory Pauli, Nina Sauerwein (all M&A and Corporate), Susanne Schreiber, Cyrill Diefenbacher (both Tax) as well as Mani Reinert (Competition Law).
Involved fees earner: Cyrill Diefenbacher – Bär & Karrer; Dieter Dubs – Bär & Karrer; Charles Gschwind – Bär & Karrer; Ralph Malacrida – Bär & Karrer; Frédéric Mancosu – Bär & Karrer; Grégory Pauli – Bär & Karrer; Mani Reinert – Bär & Karrer; Nina Sauerwein – Bär & Karrer; Susanne Schreiber – Bär & Karrer; Thomas Stoltz – Bär & Karrer; Sandrine Studer – Bär & Karrer; Alexander von Jeinsen – Bär & Karrer; Janine Wüst – Bär & Karrer;
Law Firms: Bär & Karrer;