Merger of Ina Invest and Cham Group nearing completion
Talks on the merger of Ina Invest and Cham Group are progressing positively. Implenia, as an important partner of Ina Invest, welcomes the progress and is planning a strategic partnership for development and realization services. The aim is to create a leading Swiss real estate company with a sustainable portfolio and strong market position.
The merger talks between Ina Invest and Cham Group announced on September 23, 2024 have made important progress. If the negotiations are successfully concluded, the merger will be submitted to the shareholders of both companies for approval at the Annual General Meeting on March 31, 2025.
Implenia, which holds a stake of around 40% in Ina Invest, supports the planned merger. The merger would create a leading real estate company that would benefit from a sustainable, high-quality portfolio in prime locations in Switzerland’s strongest economic metropolitan regions. The merger promises economies of scale, synergies and great financial flexibility in project planning and realization.
Strategic partnership for development and realization
The previous agreements between Ina Invest and Implenia for portfolio and asset management as well as realization services will be terminated. Instead, strategic partnership agreements for development and realization services will be concluded. As part of this adjustment, Ina Invest will make a one-off payment of CHF 31 million to Implenia in 2025. This amount will have a positive impact on the 2024 financial year, but will be partially neutralized by the investment result.
Implenia expects to acquire a stake of around 14% in the newly created company as a result of the merger. Implenia will continue to be represented on the Board of Directors, thereby securing its influence on strategic decisions.
Long-term benefits for Implenia and the merged company
Implenia sees clear advantages in the planned merger. The higher market capitalization and improved financing capacity of the merged company will enable recurring income and dividend payments. In addition, Implenia will continue to provide services in the development and realization of projects as part of the strategic partnership.
The exact details of the merger are to be published on February 28, 2025, at the same time as the announcement of the 2024 annual results. Implenia also confirms its financial targets for the current financial year.