Novavest Real Estate AG (BRSE:NREN) offered to acquire remaining 24.7% stake in Pretium AG (BRSE:PREN) for CHF 5.4 million on May 16, 2014. Novavest Real Estate offered to exchange category A registered shares of Pretium with category A registered Novavest Real Estate AG shares at a ratio of 1:2. The transaction was financed by a capital increases in Novavest Real Estate. The Board of Directors of Pretium will check the offer and give the shareholders of Pretium a recommendation in due time. The takeover bid runs from July 11, 2014 to August 8, 2014. Catrina Luchsinger, Mark Montanari and Roberto Payo Moreno of Froriep Renggli & Partner acted as legal advisor for Novavest Real Estate AG. Christian Stambach, Martin Moser, Pascal Rüedi and Christian Beutter of Bratschi Wiederkehr & Buob acted as legal advisor for Pretium AG.

Novavest Real Estate AG (BRSE:NREN) completed the acquisition of remaining 24.7% stake in Pretium AG (BRSE:PREN) on August 8, 2014.