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Canton of Graubünden and Axpo acquire a 24.6% stake in Repower from Alpiq

03 December 2012

The Canton of Graubünden and Axpo Group, a leading Swiss energy provider, acquired Alpiq Group's 24.6%, shareholdings in SIX Swiss Exchange-listed international electricity company Repower AG, headquartered in Poschiavo, Switzerland. The transaction is planned to close in the first quarter of 2013 subject to regulatory approvals. The purchase price was not disclosed.

Schellenberg Wittmer's Corporate/M&A and Competition Law Teams acted as legal counsel to the two acquirers which included the representation before the Swiss Takeover Board and before the Swiss and foreign competition authorities. The Schellenberg Wittmer team consisted of Lorenzo Olgiati (overall lead, Corporate/M&A),  Martin Weber, Pascal Hubli, Roman Laubscher (all Corporate/M&A), David Mamane and Samuel Jost for the merger control notifications (all Competition) and Harun Can (Tax).

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