Vaudoise acquires majority stake in Procimmo

Vaudoise Assurance Group, through its subsidiary Vaudoise Asset Management SA, has entered into an agreement to increase its stake and become the majority shareholder in Procimmo Group AG, a company listed on BX Swiss in which Vaudoise Assurance Group has held a 20% equity stake since 2021.

The sale price has been set at CHF 9.50 per share following payment of the 2025 ordinary dividend. Subject to prior approval by the relevant authorities, the closing of the transaction is scheduled for early July 2026. Vaudoise Assurance Group's stake will then amount to 92.27% of the voting rights of Procimmo Group AG.

Vaudoise Assurance Group intends to eventually hold the entire share capital of Procimmo Group AG and expects to proceed, following the closing of the sale, with a squeeze-out merger under which the minority shareholders of Procimmo Group AG will receive an amount corresponding to the sale price in exchange for their shares.

Lenz & Staehelin is advising Vaudoise Assurance Group in connection with this transaction. The team is led by Andreas Rötheli and Xavier Grivel (both Corporate and M&A) and includes Caroline Kopp, Noé Luisoni, Alissa Fourati, Charles Beltjens and Alexandre Levrat (all Corporate and M&A), Ariel Ben Hattar and Jeremy Bacharach (both Capital Markets), Sarah Bechaalany and Francesca Fusco (both Asset Management), as well as Rébecca Dorasamy, Eli-Louise Hunkeler, Nicolas Bach, Jenna-Lin Gaille, Anceline Swift and Anna Solari (all Tax).