Homburger advises Glaston Corporation in its Acquisition of Bystronic Glass
On January 25, 2019, Glaston Corporation (Glaston) (HEL: GLA1V) announced that it has entered into a stock purchase agreement with Conzzeta AG (SWX: CON) (Conzzeta) to acquire Conzzeta’s glass business through the acquisition of Bystronic Maschinen AG and Bystronic Lenhardt GmbH as well as their subsidiaries for an enterprise value of EUR 68 m. Glaston has secured debt financing, subject to customary conditions, and equity financing, subject to Glaston’s extraordinary general meeting (the EGM) authorizing its board of directors to resolve on the issuance of new shares for the financing of the transaction. Glaston expects the EGM to be held on or about 26 February, 2019.
Homburger acts as Swiss counsel to Glaston. The Homburger team is led by partner Daniel Hasler (Corporate / M&A) and includes partner Gregor Bühler (IP / IT), senior associate Mario Wälti (Corporate / M&A), associate Valentin Fluor (IP / IT) as well as junior associates Isabel Guth (Corporate / M&A) and Noëmie Schär (IP / IT). Peter Müller advises as counsel on tax matters.Luther Rechtsanwälte mbH acts as German counsel to Glaston.