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Bär & Karrer Ltd.

BRANDSCHENKESTRASSE 90, 8027 ZÜRICH, SWITZERLAND
Tel:
Work +41 58 261 50 00
Fax:
Fax +41 58 261 50 01
Email:
Web:
www.baerkarrer.ch
Geneva, Lugano, Zug, Zurich

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Cobra Service Network SA closes CHF 121.9 million capital increase

July 2010

Cobra Service Network SA, Lugano, successfully completed an increase of capital of the company by the shareholders Cobra Automotive Technologies SpA and Tracker Investment Holdings (Pty) Limited.

Cobra Automotive Technologies SpA, Varese, Italy, a leading company in the field of security and safety solutions for the automotive industry, transferred its location based service business by way of a contribution in kind of the company's shareholdings in Cobra Italy SpA, Cobra Telematics SA, Cobra UK Ltd and Cobra France SAS to Cobra Service Network SA in exchange of 30'000'000 new shares of Cobra Service Network SA. Subsequently, Tracker Investment Holdings (Pty) Ltd., South Africa, subscribed 7'525'000 new shares of Cobra Service Network SA for cash.

Bär & Karrer acted as tax and legal transaction counsel for Cobra Service Network SA, taking care also of the notarial activity. The team included Paolo Bottini, Massimo Vanotti and Edoardo Buzzi.

www.baerkarrer.ch

 

Information about Bär & Karrer

Bär & Karrer is a leading Swiss law firm with offices in all three language regions in Switzerland. It provides high-end legal advice to clients in complex transactions and litigation. Its clients range from multinational corporations to private individuals both in Switzerland and globally.

Contact for press inquiries

Eric Stupp, Bär & Karrer AG, Brandschenkestrasse 90, CH-8027 Zürich
Tel: +41 58 261 50 00, E-mail: eric.stupp@baerkarrer.ch

 

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