CapLaw-2012-46

On 25 November 2011, Safra Group and Rabobank entered into a share purchase agreement under which Safra will acquire a majority shareholding (46.07% equity interest and 68.63% voting rights) in Bank Sarasin & Co. Ltd (Bank Sarasin) for CHF 1,040,000,000 to be paid in cash. The transaction was subject to approval and clearance by the competent authorities in Switzerland and abroad, the last of which was granted on 30 July 2012. The closing of the sale of Rabobank’s majority shareholding in Bank Sarasin to the Safra Group was completed on 31 July 2012. As a result of the closing, Safra…