ZURICH -Swiss property group EPIC Suisse AG plans to listing its shares on the SIX Swiss Alternate inside months topic to market circumstances, it mentioned on Monday.
EPIC‘s portfolio of 25 properties within the Lake Geneva and Zurich areas had a good worth of round 1.5 billion Swiss francs ($1.51 billion) as of the top of 2021, it mentioned in an announcement. Its IFRS internet asset worth was 578 million francs.
Credit score Suisse and Zuercher Kantonalbank are joint international coordinators and joint bookrunners. Swiss Finance & Property AG is co-manager.
The first providing of recent shares was indicated at round 200 million francs value of inventory, a bookrunner mentioned.
Israel-based Alrov Group, which holds practically 78% of the inventory, and the Greenbaum household with round 22% is not going to promote any shares within the IPO.
($1 = 0.9935 Swiss francs)
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