Ebner group to sell €570m Lonza holding

BZ Gruppe, the Swiss investment company, has yet to hire a financial adviser for the sale of its Sfr834m (€570m) stake in Lonza Group, despite a statement from the chemical company that the deal would be completed in the next few weeks.

Lonza said in a statement that BZ, which is run by high-profile investor Martin Ebner, is to sell its 20% holding. But Kurt Schiltknecht, a spokesman for BZ, said the firm was not using an investment bank for the process: "We don't need any outside advice for the moment."

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump