Vaudoise Assurances strengthens its position in Switzerland with the acquisition of Procimmo Group SA

Vaudoise Assurances Group has announced the acquisition of a majority stake in Procimmo Group SA through its subsidiary Vaudoise Asset Management SA. Already holding a 20% stake since 2021, Vaudoise will increase its holding to 92.27% pending regulatory approval, expected in July 2026. This strategy aims to strengthen the company's real estate asset management activities on behalf of third parties in Switzerland, a key sector for the company.

The acquisition will be completed at a price of CHF 9.50 per share, after the 2025 ordinary dividend, and is expected to lead to a merger with compensation for minority shareholders. Procimmo will continue to operate as an external platform under its current management. This move is part of a revenue diversification strategy aimed at positioning Vaudoise as a leader in the Swiss real estate market, managing over CHF 9 billion in assets.