News - V-ZUG Goes Public After More Than 100 Years in Existence
V-ZUG Goes Public After More Than 100 Years in Existence
Swiss household appliances giant V-ZUG becomes second company to list at SIX in 2020.
Today, V-ZUG Holding AG (Ticker ""VZUG"")
listed its shares on the Swiss Stock Exchange. The opening price was CHF 72.00 per share, resulting in a market capitalization of CHF 463 million.
The newly established V-ZUG Holding AG was today spun off from Metall Zug AG, which has a company history of more than 100 years. Its
6'428'571 registered shares were traded on the Swiss Stock Exchange for the first time today. Existing shareholders
of Metall Zug AG were allocated one registered share of V-ZUG Holding AG per type A registered share of Metall Zug AG and ten registered
shares of V-ZUG Holding AG per type B registered share of Metall Zug AG.
Heinz M. Buhofer, CEO V-ZUG, said: "We are convinced that the V-ZUG Group as an independently listed company can take
advantage of additional strategic flexibility and create real added value for our shareholders, our customers, our employees and other
Jos Dijsselhof, CEO SIX, says: "I am delighted to welcome V-ZUG, a Swiss company with a long lasting history. As the clear
market leader in the household appliance sector for Switzerland, the company is well known and enjoys an excellent reputation. Todays
company listing marks the second on our exchange this year.".
V-ZUG is the Swiss market leader in the household appliances sector. The aim of the
company is to make everyday life easier with high-quality, innovative appliances. As a traditional Swiss company, V-Zug is keen on
promoting Switzerland as a manufacturing base and employer but also to strengthen Zug as an industrial location.
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