Zurich, Switzerland, 29 May 2020

Saint-Gobain's subsidiary Schenker-Winkler Holding AG ("SWH") successfully sold its 10.75% stake in Sika for CHF 2.56 billion. The shares were placed via a private placement to qualified institutional investors by way of an accelerated book-building process ("ABB").

This transaction marks the last step of a process that started in 2014 and culminated in 2018, when Saint-Gobain acquired SWH which then sold 7% of the Sika shares back to the issuer. The remaining Sika shares were now sold in the ABB; Saint-Gobain generated in the entire transaction gross gains of EUR 1.54 billion.

Bär & Karrer acted as legal advisor to Saint-Gobain and SWH. The team included Rolf Watter, Daniel Küpfer (both Corporate), Susanne Schreiber and Martin Leu (both Tax) as well as Daniel Raun (Capital Markets).

For further information please contact:
Media Relations, Eric Stupp
Tel: +41 58 261 50 00
Email: eric.stupp@baerkarrer.ch