Pax facility
| Pax-Anlage AG
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|---|---|
 |
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| legal form | Corporation |
| ISIN | CH0002178348 |
| founding | 1959 |
| resolution | 2017 |
| Reason for dissolution | sale |
| Seat | Basel , Switzerland |
| management | Paul Schneider ( CEO ) Hans-Ulrich Ming ( Chairman of the Board ) |
| sales | 23.9 million CHF (2015) |
| Branch | Real estate company |
| Website | www.paxanlage.ch |
The Pax-Anlage AG , based in Basel was a Swiss real estate company . The company focused on the holding of residential properties , creating and selling of residential developments in condominiums , services in property management and sales mandates as well as to the mortgage business .
The company owned real estate valued at around 100 million Swiss francs and in 2007 generated sales of 94 million francs, largely from the sale of newly constructed properties. The company founded in 1959, was on the Swiss Exchange SWX Swiss Exchange listed and was majority-owned by Pax Holding (cooperative) . It held a direct stake of 48.1 percent and indirectly through its subsidiary PAX, Swiss Life Insurance Company , a further 8.4 percent.
In order to concentrate more on its core business, the majority stake in Pax Anlage AG was sold by Pax Holding at the end of March 2017. The Baloise Group took over the majority of the shares .
Web links
Individual evidence
- ↑ Baloise takes over Pax Anlage AG and strengthens its real estate portfolio , Baloise press release of January 6, 2017