Novavest Real Estate AG (SWX:NREN) signed a merger agreement to acquire Senioresidenz AG (BRSE:SENIO) on April 17, 2024. The Exchange ratio of 1 SenioResidenz share to 0.91 Novavest shares fixed. The Board of Directors of Novavest Real Estate AG will propose to the Extraordinary General Meeting on 29 May 2024 to create 2,325,479 fully paid-in Novavest registered shares with a par value of CHF 22.75 by means of an ordinary capital increase and create conditional capital, from which 134,002 registered shares.

The elected members of the Board of Directors of Novavest Real Estate AG and SenioResidenz AG will remain in office until the completion date of the merger. The transaction is subject to approval of the merger and the merger agreement to their shareholders at the respective Extraordinary General Meetings of SenioResidenz AG on May 28, 2024, and Novavest Real Estate AG on May 16, 2024. The transaction expected to complete by June 14, 2024.

IFBC AG provided fairness opinion to Novavest Real Estate and Senioresidenz.