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Freshfields advises ARYZTA AG on capital increase by way of a rights offering
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised ARYZTA AG (‘ARYZTA’) in connection with a capital increase by way of a rights offering with a volume of approximately CHF 900 million (approximately EUR 790 million).
ARYZTA is a global food business with a leading position in speciality bakery, which is based in Zürich and listed on the SIX Swiss Exchange as well as on the Irish Stock Exchange.
97.4 per cent of the subscription rights received by ARYZTA shareholders were exercised in the rights offering. The new shares for which subscription rights were not exercised were placed in the market. The first day of trading for the 900,184,940 newly issued shares was on 19 November 2018.
The Freshfields team was led by partner Mark Strauch and included partners Christoph H. Seibt and Julian Makin.
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Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most.