Speculation about Züblin's withdrawal from the stock market
According to a report in "Schweiz am Sonntag", Russian investor and major Züblin shareholder Viktor Vekselberg wants to take Züblin Immobilien Holding off the stock exchange and into private hands. This would be a surprising change of strategy, however, as a reverse split was completed only recently to make the Züblin share more attractive to investors again.
Vekselberg has held a stake in Züblin Immobilien Holding through his Swiss investment company Renova since 2004. He holds 37.5 percent of the real estate company and sends three representatives to the Board of Directors.
However, a stock market withdrawal would be an unexpected step, as Züblin only completed the reverse stock split on March 8, which was resolved at the Extraordinary General Meeting on February 29, 2016. The first trading day of the shares with the new nominal value of CHF 22.50/share was March 4. Following the consolidation of shares, Züblin's ordinary share capital remains unchanged at around CHF 74.66 million, authorized capital stands at CHF 37.33 million, and conditional capital amounts to CHF 3.69 million. (ah)
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