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.