Baloîse (SIX: BALN) is to acquire a majority stake in publicly listed real-estate company Pax Anlage AG (SIX: PAXN). By entering into agreements with majority shareholders Pax Holding (Genossenschaft), Pax, Schweizerische Lebensversicherungs-Gesellschaft AG and Nürnberger Lebensversicherung AG, Baloîse Life Ltd will acquire around 70 per cent of the share capital and voting rights.

Walder Wyss acts as legal counsel to Pax Holding (Genossenschaft) and Pax, Schweizerische Lebensversicherungs-Gesellschaft AG on this transaction. The Walder Wyss team is being led by Alex Nikitine (Partner, M&A, Capital Markets) and Francis Nordmann (Partner, Real Estate) and further included Samuel Dürr (Partner, Tax), Fabian D. Glässer (Associate, M&A, Capital Markets) and André Kuhn (Associate, Banking Finance).