EOS Holding SA and Genossenschaft Elektra Birseck agreed to acquire 25.04% stake in Alpiq Holding AG (SWX:ALPH) from EDF Alpes Investissements Sàrl for approximately CHF 490 million on April 4, 2019. The offer per share is CHF 70 per share. The Shares Purchase Agreement includes potential earn out mechanisms. Under the deal, EOS and Genossenschaft Elektra Birseck are each taking over half of the 25.04% block of Alpiq shares. Before the deal, EOS was holding 31.44% and Genossenschaft Elektra Birseck 13.65% stake in Alpiq. The EDF deal will boost a Swiss consortium’s combined Alpiq stake to 88%. The transaction will be financed through mandatory exchangeable loans from CSA Energy Infrastructure Switzerland. The transaction is subject to the approval of the competition authorities in Germany. As of May 28, 2019, the transaction was approved by the antitrust authorities. Rothschild & Co acted as financial advisor to EBM. Ralph Malacrida, Thomas Stoltz, Dieter Dubs, Sandrine Studer, Alexander von Jeinsen, Janine Wüst, Frédéric Mancosu, Charles Gschwind, Grégory Pauli, Nina Sauerwein, Susanne Schreiber, Cyrill Diefenbacher and Mani Reinert of Bär & Karrer Ltd. acted as legal advisors to Genossenschaft Elektra Birseck and CSA Energy Infrastructure Switzerland. Credit Suisse acted as financial advisor to CSA Energy Infrastructure Switzerland. Weil, Gotshal & Manges LLP, acted as legal advisor to Genossenschaft Elektra Birseck. EOS Holding SA and Genossenschaft Elektra Birseck completed the acquisition of 25.04% stake in Alpiq Holding AG (SWX:ALPH) from EDF Alpes Investissements Sàrl on May 28, 2019. François Driesen, Birgit Fratzke-Weiss, Xavier Lafontaine and John Morris have resigned from the Board of Alpiq with immediate effect.