Advestra advises LPSO Holding on the public tender offer for Orascom Development Holding

On 17 Decem­ber 2024, LPSO Hold­ing Ltd (“LPSO”), the primary hold­ing com­pany of the Sawiris fam­ily, the major­ity share­hold­er group of ODH, pub­lished a vol­un­tary pub­lic tender offer for all pub­licly held shares of Oras­com Devel­op­ment Hold­ing AG (SIX: ODHN; ​“ODH”) at an offer price of CHF 5.60 per ODH share (cor­res­pond­ing to a 40.7% premi­um over the volume-weighted aver­age share price dur­ing the last 60 trad­ing days pri­or to the pub­lic­a­tion of the offer). Set­tle­ment of the offer is expec­ted to occur in March 2025.

Advestra advises LPSO in the trans­ac­tion. The team includes Daniel Raun, Thomas Reut­ter, Fabi­an Wild and Mil­an Schéda (all Cor­por­ate | M&A) as well as Céline Mar­tin (Tax).