ORIOR MENU AG entered into share purchase agreement to acquire 65.15% stake of Thurella AG from nebag ag (SWX:NBEN) and others for CHF 39.3 million on February 28, 2018. Under the terms of agreement, ORIOR MENU AG will offer CHF 150 per share, less the dividend of CHF 2.00 per share for the financial year 2017. In related transaction, ORIOR issued a takeover offer to acquire remaining shares of Thurella AG on February 28, 2018. The acquisition will be financed with available cash as well as an existing credit line. In addition, ORIOR AG, parent of ORIOR MENU AG, launches a placement of up to 592,499 new shares of which the net proceeds from the capital increase will be used to finance the transaction. The board of directors of Thurella AG unanimously supported the acquisition. The transaction is expected to close in mid-May 2018. Credit Suisse Group AG (SWX:CSGN) acted as the financial advisor for ORIOR AG (SWX:ORON), parent of ORIOR MENU.