Barry Callebaut AG has been informed by Jacobs Holding AG, its majority shareholder with a stake of 50.1% since 1998, of its intention to diversify its investment portfolio in order to ensure a broad-based income base for Jacobs Foundation, its only economic beneficiary, while remaining Barry Callebaut’s reference shareholder with a stake of 40.08% and no intention of a further sell down.
Jacobs Holding AG has announced the sale of 156,658 shares (2.85%) in Barry Callebaut AG in a private placement to Ontario Teachers’ Pension Plan, Canada’s largest single-profession pension plan, subject to the successful completion of the accelerated bookbuilding mentioned below. Ontario Teachers’ Pension Plan has committed to a one-year lock-up.
In a concurrent transaction, Jacobs Holding AG has announced the launch of an accelerated bookbuilding process with the intention to sell 393,342 Barry Callebaut shares (7.17%) to investors in Switzerland and to qualified investors outside Switzerland, starting with immediate effect. The result of the Offering will be announced after the bookbuilding process has been completed.