Adds details of offering
ZURICH, May 9 (Reuters) – Swiss property group EPIC Suisse AG plans to list its shares on the SIX Swiss Exchange within months subject to market conditions, it said on Monday.
EPIC’s portfolio of 25 properties in the Lake Geneva and Zurich areas had a fair value of around 1.5 billion Swiss francs ($1.51 billion) as of the end of 2021, it said in a statement. Its IFRS net asset value was 578 million francs.
Credit Suisse CSGN.S and Zuercher Kantonalbank ZKB.UL are joint global coordinators and joint bookrunners. Swiss Finance & Property AG is co-manager.
The primary offering of new shares was indicated at around 200 million francs worth of stock, a bookrunner said.
Israel-based Alrov Group ALRPR.TA, which holds nearly 78% of the stock, and the Greenbaum family with around 22% will not sell any shares in the IPO.
($1 = 0.9935 Swiss francs)
(Reporting by Michael Shields Editing by Paul Carrel and Silke Koltrowitz)
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