Cembra successfully placed 601,801 treasury shares, resulting in gross proceeds of approximately CHF 52 million, by way of an accelerated bookbuilding. The net proceeds from the offering are expected to partly finance the acquisition price of the substantial part of Santander's Swiss auto financing business.
Advestra acted as legal counsel to Cembra. The team included Annette Weber, Thomas Reutter and Valérie Bayard (all Capital Markets) as well as Céline Martin (Tax).