Jelmoli acquires majority shareholding in Seiler Hotels Zermatt AG

By acquiring per November 6, 2007 another 20 396 shares from the Seiler family, Jelmoli Holding Ltd has increased its shareholding in Seiler Hotels Zermatt AG to 80.39% In April 2005 Jelmoli Holding Ltd acquired 36.0% of the Seiler Hotels Zermatt AG share capital. In 2006 Jelmoli increased this participation by another 5.17% to 41.17%. By acquiring the Seiler family's remaining 20 396 shares (39.22% of share capital) as agreed, Jelmoli now holds 80.39% of the Seiler Hotels Zermatt AG share capital. Seiler Hotels Zermatt AG has owned first-class hotels and valuable sites in the centre of Zermatt for more than 150 years. Together with the existing management team under CEO Christian Seiler, Jelmoli plans to actively continue the Seiler family's historically sustainable development of this real estate portfolio. With Roberto Seiler as chairman of the board of directors, the Seiler family will still play an active role in Seiler Hotels Zermatt AG. The existing development project for modernizing and extending the Nicoletta Hotel and Migros store in Zermatt will be completed as planned. Contact persons, Jelmoli Holding Ltd Media: Daniel Gfeller, Secretary General Tel. +41 (0)44 220 42 29 Fax +41 (0)44 220 40 10 Analysts: Harald Pinger, CEO Tel. +41 (0)44 220 49 13 Fax +41 (0)44 220 40 10 Roland Walder, CFO Tel. +41 (0)44 220 44 26 Fax +41 (0)44 220 40 10 Internet: / WAP-mobile: (Press Releases Jelmoli) E-mail: --- End of Message --- Jelmoli -----------------------------------------
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St. Annagasse 18 Zürich WKN: 851225; ISIN: CH0000668464; Index: SMCI, SPI, SPIEX; Listed: Main Market in SWX Swiss Exchange;