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Swiss Prime Site Acquires Real Estate Division Of Fundamenta Group



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March 14 (Reuters) -SWISS PRIME SITE AG SPSN.S:

  • ACQUISITION OF THE REAL ESTATE DIVISION OF FUNDAMENTA GROUP

  • SWISS PRIME SITE AG - TRANSACTION WILL BE FINANCED IN CASH (75%) AND SHARES (25%)

  • SWISS PRIME SITE AG - CREATING SWITZERLAND'S LARGEST INDEPENDENT REAL ESTATE ASSET MANAGER BY A DISTANCE, WITH TOTAL AUM OF CHF 13 BILLION

  • SWISS PRIME SITE AG - ACQUISITION OF REAL ESTATE ASSET MANAGEMENT COMPANIES OF FUNDAMENTA WITH ASSETS UNDER MANAGEMENT (AUM) OF CHF 4.2 BILLION

  • SWISS PRIME SITE AG - PARTIES HAVE AGREED TO NOT DISCLOSE TRANSACTION PRICE

  • SWISS PRIME SITE AG - TRANSACTION IS EXPECTED TO BE COMPLETED IN Q2 OF 2024; NO FURTHER APPROVALS ARE NECESSARY

  • SWISS PRIME SITE AG - SWISS PRIME SITE WILL ACQUIRE ALL NAMING RIGHTS FOR FUNDAMENTA

Source text for Eikon: ID:nEQbpscZpa

Further company coverage: SPSN.S


(Gdansk Newsroom)

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