26 May 2015

Relocation of Oriflame



Oriflame Cosmetics SA, Luxembourg (OCSA), envisages to relocate the Oriflame group from Luxembourg to Switzerland. The proposed change of domicile is done through a share-for-share offer with the OCSA shareholders invited to exchange their current holdings of shares and Swedish depository receipts in OCSA (OCSA SDRs) for shares in a newly established Swiss company named Oriflame Holding AG (OHAG). The acceptance period of the exchange offer commenced on 26 May 2015 and expires on 15 June 2015. Provided that the exchange offer is successfully completed, OHAG will become the new parent company of OCSA and, thus, the Oriflame group. In connection with the completion of the exchange offer, OCSA SDRs will be delisted and the OHAG shares will be listed on the main market of Nasdaq Stockholm.
 
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) and Nico Bernhard (Trainee, Corporate/M&A).

News

News

26 May 2015

Relocation of Oriflame

Oriflame Cosmetics SA, Luxembourg (OCSA), envisages to relocate the Oriflame group from Luxembourg to Switzerland. The proposed change of domicile is done through a share-for-share offer with the OCSA shareholders invited to exchange their current holdings of shares and Swedish depository receipts in OCSA (OCSA SDRs) for shares in a newly established Swiss company named Oriflame Holding AG (OHAG). The acceptance period of the exchange offer commenced on 26 May 2015 and expires on 15 June 2015. Provided that the exchange offer is successfully completed, OHAG will become the new parent company of OCSA and, thus, the Oriflame group. In connection with the completion of the exchange offer, OCSA SDRs will be delisted and the OHAG shares will be listed on the main market of Nasdaq Stockholm.
 
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) and Nico Bernhard (Trainee, Corporate/M&A).