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Bär & Karrer Ltd.

BRANDSCHENKESTRASSE 90, 8027 ZÜRICH, SWITZERLAND
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Geneva, Lugano, Zug, Zurich

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Orascom Development Holding AG successfully completes rights offering

October 2010

On 4 October 2010, Orascom Development Holding AG (“Orascom”), a leading developer of fully integrated towns, completed a CHF 185 million capital increase by way of a rights offering to its shareholders and holders of Egyptian Depositary Receipts. The net proceeds of the offering will be used to fund Orascom’s devel-opment projects and for general corporate purposes. The syndicate of banks comprised Credit Suisse, Deutsche Bank and UBS Investment Bank acting as Joint Lead Managers and Joint Bookrunners. 

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Bär & Karrer is a leading Swiss law firm. We advise our clients on a broad range of business law issues. We are committed to delivering prompt advice and innovative solutions to our clients.

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