Rights Offering of Valora Holding with Credit Suisse and J.P. Morgan as Joint Global Coordinators

On November 9, 2017, SIX Swiss Exchange listed Valora Holding AG (Valora) launched its right offering of up to 687'119 registered shares. Valora expects to receive net cash proceeds from the offering of approximately CHF 160 million, which it intends to use to refinance a recent acquisition, to finance the expansion of production capacities, and to refinance existing capital market instruments. It is expected that the newly issued shares will be traded on the SIX Swiss Exchange for the first time on November 22, 2017. Valora runs a retail network of approximately 2,800 convenience and food-service outlets in Switzerland, Germany, Austria, Luxembourg, the Netherlands and France. Valora's retail network operates under brands such as k kiosk, Brezelkönig, BackWerk, Ditsch, Press & Books and Caffè Spettacolo. Valora is also a leading producer of pretzels.

Lenz & Staehelin is acting as counsel to the banking syndicate, consisting of the two Joint Global Coordinators Credit Suisse AG and J.P. Morgan Securities plc. The Lenz & Staehelin team includes Patrick Schleiffer (Capital Markets, Corporate), Patrick Schärli (Capital Markets, Corporate), Alexander Wille (Corporate) and Julia Felber (Capital Markets).