Implenia's internal organisation is based on four divisions (Real Estate, Buildings, Civil Engineering and Specialties). The divisions are supported by the global functions (Finance/Procurement, HR, Legal, Marketing/Communications and IT) and a “Project Excellence & Services” competence center that also ensures groupwide management in its area (see figure on the right). To ensure proximity to the customers and solid local footholds, Implenia relies on regional and national organisations representing Implenia’s interests across multiple sectors.
The Implenia Executive Committee (IEC), which provides group management for the Implenia Group, consists of nine members: the CEO, the four Division Heads, the Head Country Management and three Officers (CFO, Chief Human Resources Officer and General Counsel).
Consolidated listed entities
The Implenia Group has only one listed entity, Implenia Ltd, with its registered office in Glattpark (Opfikon), in the Canton of Zurich. Implenia Ltd, which has been listed on SIX Swiss Exchange Ltd since 6 March 2006 (security number: 2 386 855, ISIN: CH0023868554, security symbol: IMPN), has no shareholdings in listed entities within its scope of consolidation. As of 31 December 2020, the market capitalisation of Implenia Ltd amounted to CHF 444 million.
Consolidated unlisted entities
The list of significant unlisted companies included in the scope of consolidation, together with their name, registered office and share capital, and the Group's interest in them, can be found on pages 176 et seqq. of the Notes to Implenia's consolidated financial statements.
Ina Invest transaction
In the second quarter of 2020, Implenia spun off half of its real estate development portfolio to the newly founded Ina Invest Ltd through a series of transactions. The Ina Invest Ltd shares are held by another newly founded limited company Ina Invest Holding Ltd (about 57.5%) and Implenia Ltd (about 42.5%). The shares of Ina Invest Holding Ltd were listed on the SIX Swiss Exchange through the transactions on 12 June 2020 (security number: 52 402 695, ISIN: CH0524026959, security symbol: INA) and distributed to the Implenia shareholders as non-cash dividend. At the same time as the listing, Ina Invest Holding Ltd increased its share capital by CHF 155,164.80 through a capital increase; i.e. from CHF 110,832.00 to CHF 265,996.80.
Ina Invest Ltd is a Swiss real estate company covering the entire value-creation chain, from project initiation and realisation to property management and leasing.. The Implenia Group provides Ina Invest Ltd with services such as project, portfolio and asset-management, as well as construction services on standard market terms.
Shareholders of an entity listed in Switzerland that, based on their interest in the share capital, reach, exceed or fall below certain threshold values of voting rights, have reporting and disclosure obligations according to the Federal Act on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading (Financial Market Infrastructure Act, FMIA). According to the disclosure reports of SIX Swiss Exchange Ltd and the Share Register, the shareholders listed below each held more than 3% of the share capital and voting rights of Implenia Ltd on 31 December 2020.
All reports concerning the disclosure of shareholdings under FMIA Art.120, which were published in the reporting year and since 1 January 2021, are available at the following link of the Disclosure Office of SIX Swiss Exchange Ltd.