Implenia AG Completes the Spin-off of Ina Invest Holding AG

On 12 June 2020, Implenia AG completed the spin-off of Ina Invest Holding AG and the shares of Ina Invest Holding were, after a concurrent capital increase, listed on the SIX Swiss Exchange. Ina Invest AG is a Swiss real estate company whose entire portfolio shall be developed and realized according to the highest sustainability criteria.

The spin-off has been effected through a tax-neutral dividend in kind distribution of the Ina Invest Holding shares to Implenia’s shareholders that was previously approved by Implenia’s shareholders. It was preceded by the separation of a part of Implenia’s development portfolio to Ina Invest (a subsidiary held in part by Ina Invest Holding and Implenia) through a series of transactions, including a tax neutral spin-off of real estate in various cantons. Ina Invest Holding will hold approximately 57% of Ina Invest, with Implenia the rest. In parallel, Ina Invest Holding has completed a rights offering. It raised gross proceeds of approximately CHF 116 million.