Mobimo completes takeover of Fadmatt
Mobimo can complete the takeover of Fadmatt AG. All Fadmatt shares were tendered to it by the end of the additional acceptance period.
Mobimo announced that the acquisition of Fadmatt is expected to be completed on August 22, 2018. Just under half of the purchase price of CHF 183 million will be paid in cash and over 50 percent in 383,377 new shares, which will be created from Mobimo's authorized capital.
The new shares will be admitted to trading on the SIX Swiss Exchange as of August 22, 2018. This will increase the number of Mobimo shares issued to 6,601,547 registered shares. The Fadmatt real estate portfolio will be immediately integrated into the Mobimo portfolio, the company added in an ad hoc release.
Mobimo's real estate portfolio currently has a total value of over 2.8 billion, making the Group one of the largest real estate companies in Switzerland. The portfolio consists of investment and development properties in German- and French-speaking Switzerland. (ah)
