Swiss property company Jelmoli has completed the separate listing of its Athris unit on the Swiss stock exchange. In a statement this week, the company said the listing, which was in line with its business plan, has boosted the group's combined market capitalisation to approximately CHF 2.05 bn (EUR 1.35 bn). This compares to Jelmoli's market capitalisation of CHF 1.82 bn one day before the listing. Athris, which was created to invest in listed and non-listed companies, holds cash and cash equivalents of close to CHF 500 mln (EUR 330 mln).
Premium subscriber content – please log in to read more or take a free trial.
