UBS Completes Acquisition of Credit Suisse

On 19 March 2023, following discussions initiated jointly by the Swiss Federal Department of Finance, the Swiss Financial Market Supervisory Authority FINMA and the Swiss National Bank, UBS has entered into an all-share transaction for the acquisition of 100% of Credit Suisse.

Today, UBS has completed the acquisition of Credit Suisse. Credit Suisse Group AG has been merged into UBS Group AG and the combined entity will operate as a consolidated banking group. The shares of Credit Suisse Group will be delisted from SIX Swiss Exchange and Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares.

Bär & Karrer acts as legal advisor to UBS in this transaction. The team is led by Rolf Watter and includes Martin Anderson, Cédric Chapuis, Vera Naegeli, Urs Kägi, Dieter Dubs, Fabienne Perlini, Shu Zhang and Marie-Cristine Kaptan (all Corporate / M&A), Frédéric Bétrisey, Peter Hsu, Daniel Flühmann, Markus Schott, Vera Waldburger, Tiffany Ender, Matej Teslar, Taulant Dervishaj (all Regulatory), Mani Reinert, Tim Meyer, Christine Schweikard and Martin Werner, (all Merger Control), Susanne Schreiber, Martin Leu, Alessia Suter, Elena Kumashova and Kerim Tbaishat (all Tax), Nadja Jaisli and Pascal Hachem (both Litigation), Rehana Harasgama (Data Protection), Ruth Bloch-Riemer (Pensions) as well as Laura Widmer (Employment).