Acquisition | ORASCOM DEVELOPMENT HOLDING AG | 10th March 2025
On December 17, 2024 LPSO Holding Ltd. published the offer prospectus for its public tender offer for all publicly held registered shares of ORASCOM DEVELOPMENT HOLDING AG with an offer price for each Orascom Share is CHF 5.60 in cash. At the end of the Additional Acceptance Period, the Offeror announced it controls 97.34percent of the issued share capital and voting rights of the Company ORASCOM DEVELOPMENT HOLDING AG. The Offeror intends to request the convocation of a shareholders’ meeting of the Company with the motion to delist the ORASCOM DEVELOPMENT HOLDING AG Shares from SIX Swiss Exchange. Since the free float has dropped below 15 percent, Solactive AG will remove ORASCOM DEVELOPMENT HOLDING AG giving 2 business days notice.
The treatment below will be applied to the following indices:
- ORASCOM DEVELOPMENT HOLDING AG will be removed from the Index.
- The weight of ORASCOM DEVELOPMENT HOLDING AG (ODHN.S) based on its last close price will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 10/03/2025
BX Swiss All Share Index
BX Swiss All Share Index NTR
BX Swiss All Share Index TR
Solactive Switzerland All Cap Index (CH NTR)
Solactive Switzerland All Cap Index NTR
Solactive Switzerland All Cap Index PR
Solactive Switzerland All Cap Index TR