Swiss Life has concluded its tender offer to the shareholders of AWD Holding and thus it has acquired a total of 33.3 million or 86.2% of AWD shares for E980 million.
By the end of the additional acceptance period on March 13, 2008, a total of 27.3 million AWD shares were tendered to Swiss Life, which corresponds to 70.7% of the shares issued. In addition, Swiss Life holds either directly or indirectly another six million shares, or a 15.5% stake.
The two companies have already begun to plan the implementation of their partnership. The purchase consideration will be paid out to former shareholders via the relevant custody banks at the time of purchase.