The purchases announced on 6 January 2017 by Baloise Life Ltd, a subsidiary of Bâloise Holding Ltd, of three blocks of shares amounting to around 70 per cent of the share capital and voting rights of Pax Anlage AG from Pax Holding (cooperative), PAX, Schweizerische Lebensversicherungs-Gesellschaft AG and Nürnberger Lebensversicherung AG, were completed on 31 March 2017. The necessary official approvals for the transaction were issued on 9 February 2017 (by the Swiss Financial Market Supervisory Authority, FINMA) and 2 March 2017 (by the Swiss Competition Commission, WEKO). On 10 March 2017, Baloise published its offer prospectus for the public tender offer for all publicly held registered shares in Pax Anlage.
VISCHER advises Baloise. The VISCHER team is led by Partner Benedict F. Christ and included Dr. Peter Kühn (Managing Associate) and Luzius Zumstein (Associate) all corporate/M&A and Klaus Neff (Partner) antitrust.