Aryzta

IFBC was instructed in relation to the merger of Hiestand Holding AG and IAWS plc with Aryzta AG to assess the financial adequacy of the planned exchange ratio. IFBC’s Expert Opinion includes among other things an analysis of the valuation approaches applied in the Fairness Opinion as well as a discussion of various valuation-related topics. Aryzta AG is a global business with a leadership position in specialist bakery products.