Mobiliar acquires a 25 percent stake in Ringier
Ringier takes a 25 percent stake in Mobiliar. The two Swiss companies have agreed on a long-term cooperation.
Mobiliar had already acquired around 50 percent of Scout24 Schweiz AG in 2016, which has since been run as a joint venture with Ringier. Now the two companies have decided to deepen their partnership. Mobiliar will receive a 25 percent stake in Ringier AG. The largest part of the funds is to flow into the further development of Ringier. The acquisition of the stake is expected to be completed in the first half of 2020. Both Ringier and Mobiliar will remain fully independent companies. The parties have agreed not to disclose the amount of the investment or the valuation of the shares.
As a new minority shareholder, Mobiliar will have two seats on the Ringier Board of Directors: Urs Berger and Markus Hongler will take seats. The Ringier family, together with CEO Marc Walder, still holds a clear majority in the Ringier Group with a stake of 75 percent.
There will be no changes to the composition of the operational management bodies. Both the Group Executive Board of Ringier and the Executive Board of Mobiliar remain unchanged.
