Brief: Swiss Prime Site Acquires Real Estate Division Of Fundamenta Group

Swiss Prime Site AG

14/03/2024 06:06

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)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))