Acquisitions and Disposals
During the last two years, Migros Group has acquired and sold various companies.
Transactions carried out in the 2018 financial year included the following:
Inclusion of PHZ Permanence Hauptbahnhof Zürich AG
The major practice PHZ Permanence Hauptbahnhof Zürich AG, which had already been acquired on 9 November 2017, was only included for the first time in the scope of consolidation of Migros Group on 1 January 2018 due to a lack of documents relating to the financial statements as at the end of 2017, and was subsequently merged with Medbase AG.
Majority shareholding in Groupe Médical Synergie SA
Medbase AG acquired a majority shareholding of 60.8% in Groupe Médical Synergie SA in mid-July 2018 (inclusion on 1 January 2018) and thus has its first medical centre specialising in the human musculoskeletal system (sports medicine, orthopaedics, traumatology and rheumatology) in western Switzerland.
Acquisition Operationszentrum Burgdorf
In mid-September 2018, Medbase AG acquired the operating centre in Burgdorf (OZB AG; inclusion on 1 July 2018), expanding its range of services in outpatient surgery in the process.
Majority shareholding in Gowoonsesang Cosmetics Co., Ltd.
Mibelle AG, an M-Industry company, entered the South Korean market and acquired a 51% majority stake in the Seoul-based company Gowoonsesang Cosmetics Co., Ltd. on 1 August 2018. With its "Dr. G" brand, Gowoonsesang specialises in dermocosmetics and fits perfectly with the Mibelle Group's international expansion strategy.
Majority shareholding in CSL Immobilien AG
On 1 September 2018, Migros Bank AG acquired a majority shareholding of 70% in CSL Immobilien AG. The acquisition creates a new comprehensive provider of real estate services for corporate customers as well as for private and institutional real estate investors on the Swiss market.
Acquisition Finass Voyages SA
The Hotelplan Group acquired Finass Reisen AG with retroactive effect from 31 October 2018. The company, which specialises in business, incentive and event travel has remained independent and continues to operate as Finass.
For further details please see Note 39 and chapter C in the report on the financial situation as part of the complete financial reporting of the Migros Group.
