16 febbraio 2024 – SIX-listed Aluflexpack AG («AFP»; SIX: AFP) and Constantia Flexibles («Constantia»), a global packaging manufacturer, announced that Constantia has entered into a share purchase agreement (the «SPA») to acquire approximately 57% of the shares of AFP from Montana Tech Components AG («MTC») and Xoris GmbH and, in parallel, will launch an all cash public tender offer for all publicly held registered shares of AFP for CHF 15.00 per share to CHF 18.75 per share (the «Offer»).

Closing of the SPA is subject to the outcome of the regulatory process and the Offer is subject to certain terms and conditions including regulatory approvals. The pre-announcement of the Offer, which has been published by Constantia, is available at https://afp-tender-offer.com and contains the material terms and conditions of the Offer. Constantia expects to publish the offer prospectus in relation to the Offer within six weeks from the date of its pre-announcement. The Board of Directors of AFP has unanimously resolved that it will recommend to the shareholders of AFP to accept the Offer.

Walder Wyss advised AFP and MTC on the transaction. The team was led by Urs P. Gnos (Partner, Corporate/M&A and Capital Markets) and included the core team members Hans-Jakob Diem (Partner, Corporate/M&A and Capital Markets), Dimitrios Berger (Managing Associate, Corporate/M&A and Capital Markets) and Christian A. Schmid (Associate, Corporate/M&A and Capital Markets) and included as further team members, Nico Bernhard (Managing Associate, Corporate/M&A and Capital Markets), Angela Kummer (Associate, Corporate/M&A), Daniel Dedeyan (Counsel, Capital Markets), Erik Lanz (Associate, Corporate/M&A), Florian Iten (Associate, Corporate/M&A), Reto Jacobs (Partner, Competition), Thomas Meister (Partner, Tax), Delia Zellweger (Trainee, Corporate/M&A), Suan Jung (Trainee, Corporate/M&A) and Viviana Montorfano (Trainee, Corporate/M&A).