On June 25, 2020, Metall Zug and V-ZUG Holding announced that they had completed the spin-off of V-ZUG from Metall Zug. Within the framework of the spin-off, shareholders of Metall Zug were issued shares in V-ZUG as a dividend in kind, as resolved by the ordinary general meeting of Metall Zug held on April 24, 2020, in proportion to their economic shareholdings in Metall Zug. Following the spin-off, approximately 30% of the shares in V-ZUG will remain with Metall Zug. As part of the spin-off, the shares in V-ZUG were listed on SIX Swiss Exchange.
Homburger acted as legal counsel to each of Metall Zug and V-ZUG. The team comprised partner Claude Lambert (pictured), associate Lorenzo Togni and junior associate Oliver Kneubühl (all corporate/m&a and capital markets).
Zürcher Kantonalbank acted as financial advisor and listing agent on the transaction.