4 Financial investments
Company | Registered office | Participation in % (capital and votes) | Purpose |
Andrew Alliance SA | Vernier/Geneva (CH) | 6.1% | Development, production and marketing of scientific instruments for life sciences |
The Company sold its investment Andrew Alliance SA in January 2020 for a cash consideration of CHF 4.6 million. The resulting gain was recognized in the income statement of 2020. In addition, an amount of CHF 0.2 million was paid into an escrow account to secure contractual representations and warranties. This amount will be recognized in the income statement when the account is released in July 2021.
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