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Bär & Karrer Ltd.

BRANDSCHENKESTRASSE 90, 8027 ZÜRICH, SWITZERLAND
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Work +41 58 261 50 00
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Geneva, Lugano, Zug, Zurich

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Orior AG successfully completes Initial Public Offering

May 2010

In Switzerland's first initial public offering (IPO) since May 2008, Orior AG ("Orior" or the "Company") was listed on the SIX Swiss Exchange on 22 April 2010 and on 5 May 2010 the Company was informed that the Over-Allotment Option has been exercised in full. The Company is a broadly anchored Swiss fresh food company and leader in meat processing and the distribution of convenience foods, including vegetarian delicacies.

In the IPO, 1,675,000 newly issued shares and 2,263,750 secondary shares (including the Over-Allotment Option) held by the existing shareholder Capvis were offered to investors. Based on the offer price of CHF 48, the Company was valued approximately CHF 284 million on the first day of trading. A banking syndicate led by Credit Suisse AG as Global Co-ordinator and Bookrunner and Bank Vontobel and Zürcher Kantonalbank as Co-Lead Managers assisted in this transaction.

Bär & Karrer advised the banking syndicate in this IPO. The team included Thomas U. Reutter, Sten E. D. Rasmussen and Flavio Lardelli (all corporate) as well as Michael Barrot (tax).

 

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