Procimmo: Vaudoise acquires stake in parent company SEG
The Vaudoise Group is acquiring a stake in SEG Suisse Estate Group, which manages a CHF 3.5 billion real estate portfolio through its subsidiary Procimmo.
As announced by Procimmo, the Vaudoise Group has acquired a stake amounting to approximately 20% of the shares of SEG Suisse Estate Group. The previous main shareholders retain the majority of the share capital and the management of the SEG Group and its subsidiaries remain unchanged.
By acquiring a stake in SEG, Vaudoise is strengthening its strategic position in the real estate sector, and SEG is aiming for faster growth in the real estate market through this step, Procimmo said. Procimmo currently manages a real estate portfolio of 3.5 billion with five real estate funds, a SICAV, an investment foundation and a real estate company.
Subsidiaries such as Procimmo Invest are to be able to acquire further properties with funds from a capital increase, and the SEG Group is also to develop further with the fresh money, the statement continues.
Arno Kneubühler, CEO and member of the Board of Directors of Procimmo SA, describes the partnership with Vaudoise as a milestone that will both strengthen the growth of the SEG Group and enable it to expand its leading position as a Swiss investor in the niche real estate sector. (ah)
