AEVIS VICTORIA SA - M&A Activity 2019

News Details

Ad-hoc | 9 December 2019 07:00

AEVIS VICTORIA SA: Sale of Générale Beaulieu Immobilière SA to Infracore SA

AEVIS VICTORIA SA / Key word(s): Disposal

09-Dec-2019 / 07:00 CET/CEST

Release of an ad hoc announcement pursuant to Art. 53 KR

The issuer is solely responsible for the content of this announcement.

Press release

Fribourg, 9 December 2019

AEVIS VICTORIA SA: Sale of Générale Beaulieu Immobilière SA to Infracore SA

Générale Beaulieu Holding SA (GBH), a subsidiary of AEVIS VICTORIA SA, sold its stake in Générale Beaulieu Immobilière SA (GBI) to Infracore SA. This transaction, based on a property value of CHF 196 million, will be paid in cash and shares, allowing AEVIS VICTORIA to increase its direct and indirect stake in Infracore from 19% to 30%. GBH realises a gain on participation of CHF 153 million and will pay an extraordinary dividend of CHF 75 million to its shareholders. AEVIS VICTORIA, the majority shareholder of GBH (69.4%), will achieve a consolidated profit of CHF 21.7 million on this transaction in 4Q2019 and increase its available cash by more than CHF 80 million.

GBI, a subsidiary of GBH, owns several properties in the Champel district, including the Clinique Générale-Beaulieu. The rental surface of the buildings amount to 19’005m2. GBI is currently building a new underground complex of nearly 1’000m2 to house the radiotherapy facilities of the future Cancer Center of Clinique Générale-Beaulieu. GBI’s real estate assets were valued at CHF 196 million in this transaction.

For further information:

AEVIS VICTORIA SA Media and Investor Relations: c/o Dynamics Group, Zurich

Philippe R. Blangey, [email protected], +41 (0) 43 268 32 35 or +41 (0) 79 785 46 32

Séverine Van der Schueren, [email protected], +41 (0) 79 635 04 10

AEVIS VICTORIA SA – Investing for a better life

AEVIS VICTORIA SA invests in healthcare, hospitality & lifestyle and infrastructure. AEVIS′s main shareholdings are Swiss Medical Network SA, the second largest group of private hospitals in Switzerland, Victoria-Jungfrau AG, a luxury hotel group managing luxury hotels in Switzerland, Infracore SA (19%), a real estate company dedicated to healthcare-related infrastructure, a hospitality real estate division, Medgate (40%), the leading telemedicine provider in Switzerland, and NESCENS SA, a brand dedicated to better aging. AEVIS is listed on the Swiss Reporting Standard of the SIX Swiss Exchange (AEVS.SW). www.aevis.com.

End of ad hoc announcement

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