Loyens & Loeff advised the ultimate beneficial owner of Baggerman Group on Swiss and Dutch tax aspects

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02-08-2021

We advised the ultimate beneficial owner of Baggerman Group on Swiss and Dutch tax aspects of the sale of 100% of the shares in Eurohose Holding B.V. Baggerman Group develops, produces and sells rubber and thermoplastic hoses and couplings in Northern and Eastern Europe. Baggerman Group was sold to NORRES Group, strengthening its market leading position in Europe’s hoses sector.

Baggerman Group, founded in 1951, specialises on the development, production and sale of rubber and thermoplastic hoses and couplings. The Group’s geographical footprint covers large parts of Northern and Eastern Europe with branches in the Netherlands, Germany, Italy, Switzerland, Hungary and Romania.

Loyens & Loeff advised the Swiss resident UBO of the Group with regard to all matters concerning Swiss and Dutch tax. The team comprised of Beat Baumgartner (Partner, Tax Switzerland), Jules de Beer (Counsel, Tax Rotterdam), Livia Geissmann (Associate, Tax Switzerland), Anaïs Näscher (Associate, Tax Switzerland), Louis Lutz (Partner, Tax Amsterdam), Amit Havenaar (Senior Associate, Tax Amsterdam) and Sandrine Lekkerkerker (Associate, Tax Amsterdam).