Deals & Cases

Deals & Cases

November 2011

Safra Group to acquire majority interest in Bank Sarasin

On 25 November 2011, the Safra Group announced that it had entered into an agreement with Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) to acquire Rabobank's majority interest in Bank Sarasin & Cie AG for approximately one billion Swiss Francs. The transaction is subject to approval and clearance by the competent authorities in Switzerland and abroad.

Lenz & Staehelin advised the Safra Group in connection with this transaction. The Lenz & Staehelin team was led by Jacques Iffland and Daniel Tunik and included Hélène Weidmann, Vanessa Rossel, Cécile Berger Meyer, Rayan Houdrouge, Floran Ponce, Mona Boughaba, Silvio Mirra and Giulia Castracane.

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