Deals & Cases

Oriflame: Relocation with Cross-Border Merger Completed

29 September 2015 – Oriflame Holding AG (OHAG) acquired through a public share-for-share exchange offer from the shareholders of Oriflame Cosmetics SA, Luxemburg (OCSA) approx. 97.7% of all shares and Swedish depository receipts in OCSA (OCSA SDRs). In connection with the successful completion of the exchange offer, OCSA SDRs were delisted and the OHAG shares became listed on the main market of Nasdaq Stockholm. OHAG (as acquiring entity) and OCSA (as acquired entity) completed the transaction through a cross-border merger.


Walder Wyss acts as Swiss legal advisor to Oriflame Holding AG. The team is led by Urs P. Gnos (Partner, Corporate/M&A) together with Simon Kehl (Managing Associate, Corporate/M&A) and further includes Thomas Meister (Partner, Tax), Lukas Wyss (Partner, Finance), Ueli Sommer (Partner, Employment), Barbara A. Keiser (Associate, Corporate/M&A), Boris Räber (Associate, Corporate/M&A), Janine Corti (Associate, Tax), Tervel Stoyanov (Associate, Finance), Dario Galli (Trainee, Corporate/M&A) and Nico Bernhard (Trainee, Corporate/M&A).