Vaudoise moves to absorb Procimmo Group after securing 97.67% stake
What's the deal? Vaudoise Real Estate SADealroom has a profile for this one. Try Dealroom → has signed a merger agreement to absorb Zug-based Procimmo Group AGDealroom has a profile for this one. Try Dealroom →, the Swiss real estate firm announced. Under the deal, VaudoiseDealroom has a profile for this one. Try Dealroom → Real Estate acts as the surviving company and Procimmo Group as the transferring entity.
Why now? The merger follows a buying spree by Vaudoise Asset Management SADealroom has a profile for this one. Try Dealroom →, the sole shareholder of Vaudoise Real Estate and part of Swiss insurer Vaudoise. It acquired 32,553,399 registered Procimmo shares at US$8.71 each, adding to the 9,011,649 it already held.
Further purchases of 2,428,349 shares lifted its holding to 43,993,397 shares — 97.67% of Procimmo's capital and voting rights.
What's the endgame? The goal is full control of Procimmo by Vaudoise Asset ManagementDealroom has a profile for this one. Try Dealroom →, followed by absorption into Vaudoise Real Estate. Remaining Procimmo shareholders — excluding the three involved entities — will receive a cash settlement of US$8.71 per registered share.
What's next? Procimmo's board will submit the merger agreement for shareholder approval at an extraordinary general meeting planned for November 3, 2026.
The signal: The transaction tightens the link between Swiss insurance capital and real estate assets, as Vaudoise consolidates a listed property group under its investment arm.
Read more: moneycab.com
