Post by Leroy on Aug 8, 2012 9:21:49 GMT 4
Safra Group has completed its acquisition of Rabobank’s majority stake in Bank Sarasin and has launched its offer for publicly held registered B shares of Bank Sarasin at CHF27.00 (US 27.66) per share.
The Brazilian banking group now holds 50.15% of the share capital, and has 71.01% of the voting rights of Sarasin following completion of the sale on 31 July 2012.
JSH S.A. Luxembourg, a Safra subsidiary is expected to make the offer for the remaining B shares on August 20 2012.
The offer is expected to be opened for acceptances from 4 September 2012 to 17 September 2012.
The Brazilian banking group now holds 50.15% of the share capital, and has 71.01% of the voting rights of Sarasin following completion of the sale on 31 July 2012.
JSH S.A. Luxembourg, a Safra subsidiary is expected to make the offer for the remaining B shares on August 20 2012.
The offer is expected to be opened for acceptances from 4 September 2012 to 17 September 2012.