Kolumbus Group secures 99% of Swiss Estates votes, plans squeeze-out
What's the deal? Kolumbus Group AGDealroom has a profile for this one. Try Dealroom → has secured control of Swiss real estate firm Swiss Estates AGDealroom has a profile for this one. Try Dealroom → through a public tender offer, holding 99.21% of voting rights based on provisional figures. The offer period closed on September 16, 2026. Deal terms were not disclosed.
By the numbers: Shareholders tendered 45.46% of ordinary shares, 40.25% of participation certificates, and 100% of voting shares covered by the offer. Combined with holdings before the bid, Kolumbus now controls 85.72% of issued capital and 99.21% of voting rights.
What's the endgame? With more than 98% of voting rights, Kolumbus plans to force out remaining holders under Swiss financial market law, provided final figures confirm the threshold. Swiss Estates has also requested delisting from the BX SwissDealroom has a profile for this one. Try Dealroom → exchange, where its shares and participation certificates trade.
Why now? Swiss Estates urged shareholders who have not yet tendered to do so during the additional acceptance period, which runs from September 22 to October 6, 2026. After that, holdouts risk having their shares cancelled through the squeeze-out.
Swiss Estates focuses on long-term investment in residential property across Switzerland's urban areas, buying buildings of 20 or more rental units with repositioning potential and holding them for the long term.
The signal: The buyout takes another listed Swiss property company private, concentrating ownership under a single controlling shareholder. For minority investors, the combination of a squeeze-out and delisting leaves little room to remain independent.
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