Bell Food Group AG (SWX:BELL) agreed to acquire 50.2% stake in Hügli Holding AG (SWX:HUE) from Dr. A. Stoffel Holding AG on January 13, 2018. Bell Food Group is simultaneously making a public tender offer for the remaining publicly traded shares of Hügli Holding AG at a price of CHF 915 per share. The takeover is being financed through a combination of equity and debt capital. Post completion, Hügli will be operated as an independent business unit and Jean Gérard Villot, current Chairman of the Board of Directors of Hügli Group, as an additional member of the Board of Directors of Bell Food Group AG. The deal has been approved by the European Commission on February 8, 2018 and is expected to be completed on February 21, 2018.