BFW Group AG made an offer to acquire unknown remaining stake in BFW Liegenschaften AG (SWX:BLIN) on November 29, 2019. BFW Group AG will buy the remaining stake at CHF 44.25 per share. The offer will run from December 16, 2019 to January 20, 2020. The mid-market team of UBS and the credit team of UBS arranged the financing of the transaction. As of January 20, 2020, the initial period for the offer ended. As per the provisional interim results, 0.6 million shares corresponding to 23.7% in BFW Liegenschaften were tendered. A grace period ten trading days for the public shareholders of bfw real estate ag to accept the offer begins on January 27, 2020 and ends on February 7, 2020. As of January 21, 2020, the offer is expected to be completed on February 14, 2020. Catrina Luchsinger and Mark Montanari of Froriep Renggli & Partner acted legal advisors to BFW Group AG while Homburger acted legal advisor to the UBS teams. VISCHER AG acted as legal advisor to BFW Liegenschaften AG. IFBC provided fairness opinion to the Committee of Independent Directors of BFW Liegenschaften AG.