27 May 2019 – On 22 May 2019, Walnut Bidco Plc, a company indirectly wholly owned by members of the family af Jochnick, announced a public offer to the shareholders of Oriflame Holding AG, listed on Nasdaq Stockholm Large Cap (STO:ORI) but domiciled in Schaffhausen (Switzerland), to tender the shares in Oriflame to Walnut Bidco Plc. The Oriflame-group is a cosmetics company operating in more than 60 countries with a turnover of more than EUR 1.3 billion.

The value of the public takeover offer is estimated at approx. SEK 12.8 billion (EUR 1.2 billion).

Walder Wyss advises the Independent Bid Committee of the board of directors of Oriflame Holding AG with regard to all aspects of the offer under Swiss law. The Walder Wyss team is led by Urs P. Gnos (Partner, Corporate&MA) and Boris Räber (Managing Associate, Corporate/M&A).