Ina Invest and Cham Group to merge
Negotiations are still at an early stage, according to reports. The two companies hope that the merger will give them greater flexibility in project implementation and financing as well as economies of scale.
Ina Invest is discussing a merger with the Cham Group. According to the companies, a merger of equals is planned. A letter of intent to this effect has already been signed by the boards of directors. However, the talks are still at an early stage and the merger will only be voted on at the general meetings of the two companies next spring. The shares of the merged company are to be listed on the SIX Zurich Stock Exchange; unlike Ina Invest, Cham Group is not yet listed. Implenia is the main shareholder in Ina Invest with 40% of the shares.
"The potential merger would create one of Switzerland's leading real estate companies with a high-quality and sustainable portfolio in first-class locations," it said in a press release. The investment properties and development projects of the two would be spread across the country's major economic centers in Basel, Cham, Geneva, Lausanne, Winterthur and Zurich. The combined portfolio would have a residential share of over 50%.
Ina Invest and Cham Group expect to benefit from the larger portfolio as a result of the merger. Greater flexibility would have an impact on project realization, financing options and the use of economies of scale and synergies, the two companies write in their press release. (aw)
