Metall Zug AG (SWX:METN) announced the spin-off of 70% stake in V-Zug Holding AG to its shareholders on March 19, 2019. As per the terms of the transaction, it is a dividend in kind consideration whereby existing shareholders of Metall Zug will be entitled to get 1 V-Zug Metall Zug share for each type A Metall Zug share while each type B Metall Zug share confers entitlement to 10 V-Zug shares. After the spin-off, Metall Zug will hold 30% of V-Zug Holding. The shares of V-Zug Holding will trade under the ticker symbol VZUG on the Six Swiss Exchange on June 25, 2020. V-Zug Holding generated gross revenue of CHF 579.2 million and EBIT of CHF 48.3 million in 2018. Metall Zug's shareholders approved the spin-off on April 24, 2020. The spin-off is not expected to take place until the 2nd quarter of 2020 at the earliest. Claude Lambert of Homburger AG acted as legal counsel to Metall Zug AG and V-Zug Holding. Zürcher Kantonalbank acted as financial advisor and listing agent on the transaction.

Metall Zug AG (SWX:METN) completed the the spin-off of 70% stake in V-Zug Holding AG to its shareholders on June 24, 2020. The shares of V-ZUG Holding AG started trading on the SIX Swiss Exchange on June 25, 2020. Metall Zug AG continues to hold up 30% of V-ZUG Holding AG and remains anchor shareholder.