Ina Invest of Sweden plans merger with Cham Group

26 Sep 2024 CW Team

Swiss real estate company Ina Invest announced on Monday that it is considering a merger with its peer Cham Group. If the talks prove successful, shareholders of both firms will have the opportunity to vote on the proposal in the spring of 2025.

Ina indicated that the merger would be executed as a merger of equals and stated that a corresponding letter of intent has already been signed by the boards of directors of both companies.

Implenia, a Swiss construction and real estate firm that holds approximately a 40% stake in Ina, expressed its support for the discussions in a statement.

Ina mentioned that the discussions with Cham regarding the potential merger are still in the early stages.

Additionally, Ina noted that the potential merger could create one of Switzerland's leading real estate companies, featuring a high-quality, sustainable portfolio in prime locations. The two firms collectively have investment properties and development projects in Basel, Cham, Geneva, Lausanne, Winterthur, and Zurich.

Once completed, their combined portfolio is expected to consist of over 50% residential properties, and the intention is for the merged company to be listed on the SIX stock exchange.

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