Takeover of Süd-Chemie AG by Clariant AG

At the Annual General Meeting of Clariant AG the shareholders voted in favour of a capital increase which clears the way for a takeover of more than 95 percent of the shares in Süd-Chemie AG, Munich, Germany. Part of the EUR 2 billion transaction will be completed in the form of a share swap with Süd-Chemie's long-standing shareholders.

Bär & Karrer acted as Swiss legal counsel to Süd-Chemie AG and its long-standing shareholders. The Bär & Karrer team included Felix R. Ehrat, Ralph Malacrida and Till Spillmann.