On September 19, 2016, Sempione Retail AG (Sempione Retail), a company owned by a consortium of OVS S.p.A. and two other investors, and Charles Vögele Holding AG (Charles Vögele) have announced that they have entered into a definitive agreement for the acquisition of Charles Vögele by Sempione Retail, and that Sempione Retail has submitted a public tender offer for all publicly held bearer shares of Charles Vögele. The board of directors of Charles Vögele has resolved that it will recommend the offer. Sempione’s public tender offer will be subject to certain regulatory and other customary closing conditions.

Homburger AG has advised Charles Vögele on the transaction. The Homburger team is led by partner Heinz Schärer (Corporate | M&A) and counsel Micha Fankhauser (Corporate | M&A) and comprises partners Ueli Huber (Corporate | M&A), Franz Hoffet (Competition | Regulatory), Daniel Haeberli (Financial Services) and Stefan Oesterhelt (Tax) as well as associates Stefan Blunschi, Margrit Marti and Vincent Delaloye (all Corporate | M&A) and intern Daniela Spitteler (Corporate | M&A).