Ina Invest Holding AG and Ina Invest AG merge into one company
The listed property company Ina Invest Holding Ltd. will merge with its subsidiary Ina Invest Ltd. The Annual General Meeting will vote on the Board of Directors' proposal on 3 April 2024. The merger is intended to simplify the corporate structure, increase efficiency and reduce costs. Ina Invest's business model will remain unchanged. Implenia Ltd's strategic stake in Ina Invest will also remain unchanged.
Ina Invest Holding Ltd, which emerged from the spin-off of Implenia Ltd’s property portfolio in June 2020, is planning a merger with its subsidiary Ina Invest Ltd. The subsidiary is currently responsible for the development, realisation and management of Ina Invest’s real estate projects. The merger (up-stream merger) will turn the two companies into a single listed company that holds all shares in the property projects directly. The ownership structure remains unchanged. Implenia Ltd, which previously held a minority stake of 42.5% in its subsidiary Ina Invest Ltd, will in future hold around 40% of Ina Invest Holding Ltd. The public shareholders will also hold a direct stake in Ina Invest Holding Ltd.
The Board of Directors of Ina Invest Holding Ltd. will submit the merger proposal to the Annual General Meeting on 3 April 2024. The merger is intended to simplify the corporate structure of Ina Invest, which will lead to efficiency gains and cost reductions. Ina Invest’s business model, which focuses on the development of sustainable and innovative property solutions, will remain unchanged. Ina Invest has an attractive portfolio of 18 projects with a market value of around CHF 1.4 billion in the residential, office and commercial segments.
Implenia Ltd. will continue to hold a strategic stake in Ina Invest, work closely with Ina Invest and drive forward the expansion of the property portfolio. Implenia’s stake of around 40% does not oblige it to make a takeover offer to the other shareholders. The Articles of Association of Ina Invest Holding Ltd. will be amended accordingly. The merger is subject to the approval of the Annual General Meeting and the fulfilment of the usual closing conditions. The merger is expected to be completed in the second quarter of 2024.