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CPH to merge with majority shareholder

CPH Chemie + Papier Holding AG is planning a takeover of Uetikon Industrieholding AG. This move would raise the free float and as a result enhance the appeal of CPH shares as well. The CPH Group will continue to be influenced by the descendants of the founding family even after the takeover is completed.

The Perlen site, Switzerland CPH Chemie + Papier Holding AG
The Perlen site, Switzerland CPH Chemie + Papier Holding AG. Image Credit: CPH Chemie + Papier Holding AG

CPH Chemie + Papier Holding AG, an industrial group based in Central Switzerland, is planning a merger in which it proposes to complete a full takeover of Uetikon Industrieholding in the form of a merger by absorption. In this process, existing investors in the holding company would therefore exchange their stakes to become direct shareholders in CPH. Details pertaining to this deal were announced by CPH as part of a press release.

The descendants of the founding family will remain as strong anchor shareholders within the CPH investor structure, the press release states. Via Uetikon Industrieholding, they hold 49.99 percent of the shares of the CPH Group.

Following completion of the merger, the largest representative of the family shareholders will be Swiss Industrial Finance AG and estate of Ella Schnorf. As the press release then explains further, they will hold just under a third of CPH shares after having concluded a shareholder agreement. After the share exchange, one other family shareholder is expected to hold a stake of over three percent. The free float of CPH shares would then stand at just under 63 percent overall.

As part of the merger, ownership of UBV Immobilien Treuhand Perlen AG will also switch to the CPH Group. This company is responsible for managing the non-operating real estate assets of the CPH Group. Shareholders of both companies are set to decide on the merger at the beginning of June.

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