Valora Sells Valora Services to Thomas Kirschner

Valora has signed an agreement to sell its division Valora Services to Thomas Kirschner, majority shareholder of the leading German press wholesaler PVG. The division Valora Services includes Valora's press wholesaling business in Switzerland and in Luxembourg as well as its third-party logistics operations in Switzerland. The transaction is subject to approval by the competent merger control authorities.

Bär & Karrer acts as legal advisor to Valora in the transaction. The Bär & Karrer team includes Christoph Neeracher, Luca Jagmetti, Georg Frey, Daniel Heiniger and Nikolaus Paumgartner (all M&A), Markus Wang (IT), Raoul Stocker (Tax), Mani Reinert (Competition) as well as Till Spillmann, Roland Truffer and Adrian Koller (all Finance).