Baker McKenzie advised Implenia on the deal.
Implenia entered into a series of contractual arrangements with Ina Invest AG, a real estate investment company that has been spun-off from Implenia and listed on the Swiss Stock Exchange.
The real estate spin-off shares, which are listed on the Swiss stock exchange, are issued at CHF 22.42 each. Implenia’s shareholders had subscribed to 59 percent of the approximately 5.17 million shares issued as part of a capital increase. Around 3.69 million shares had been distributed as a special dividend. The remaining shares were offered to investors in a bookbuilding process.
The contractual arrangements include, also, a real estate portfolio and asset management agreement, a development framework agreement with project-related individual agreements, total contractor construction agreements and project-related sales agreements.
Implenia AG provides construction, civil and underground engineering services, the Company’s projects include residential and industrial buildings, tunnels, bridges and roads. Implenia also provides real estate and facilities management and marketing services.
The Baker McKenzie team was led by Dr. Alexander Wyss (Picture), Ramon Tissafi and Bettina Klein.
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