SPAR Holding AG to be sold to The SPAR Group Ltd.
On March 8, 2016, the shareholders of SPAR Holding AG, the Swiss supermarket group, agreed to sell 60% of the shares of SPAR Holding AG to the South African The SPAR Group Ltd. listed on the Johannesburg Stock Exchange. The parties further agreed on put and call arrangements for the sellers' remaining interests and an extraordinary dividend, resulting in a total transaction value of approx. CHF 140 million.
Lenz & Staehelin advises the selling shareholders in this transaction. The team includes partner Matthias Wolf (Lead, Corporate) as well as Andreas Hinsen, Patrik Leisi and Timo Hasler (all Corporate).