AEVIS VICTORIA SA / Key word(s): Disposal
09-Dec-2019 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
Fribourg, 9 December 2019
AEVIS VICTORIA SA: Sale of Générale Beaulieu Immobilière SA to Infracore SA
Générale Beaulieu Holding SA (GBH), a subsidiary of AEVIS VICTORIA SA, sold its stake in Générale Beaulieu Immobilière SA (GBI) to Infracore SA. This transaction, based on a property value of CHF 196 million, will be paid in cash and shares, allowing AEVIS VICTORIA to increase its direct and indirect stake in Infracore from 19% to 30%. GBH realises a gain on participation of CHF 153 million and will pay an extraordinary dividend of CHF 75 million to its shareholders. AEVIS VICTORIA, the majority shareholder of GBH (69.4%), will achieve a consolidated profit of CHF 21.7 million on this transaction in 4Q2019 and increase its available cash by more than CHF 80 million.
GBI, a subsidiary of GBH, owns several properties in the Champel district, including the Clinique Générale-Beaulieu. The rental surface of the buildings amount to 19’005m2. GBI is currently building a new underground complex of nearly 1’000m2 to house the radiotherapy facilities of the future Cancer Center of Clinique Générale-Beaulieu. GBI’s real estate assets were valued at CHF 196 million in this transaction.
For further information:
AEVIS VICTORIA SA – Investing for a better life
End of ad hoc announcement