A moving moment for former owner Jakob Gattiker and the 10-member Etzel team.

Mr. Gattiker and Admicasa Holding AG, after long and intensive discussion, have agreed on the perfect deal. On Tuesday evening of the first week of Advent, the shares of Etzel Immobilien AG were handed over. The early morning of the following day you could already find the headline "Admicasa Holding AG acquires Etzel Immobilien AG" on the internet.

At first it was for many a bit of a shock. "What will happen to Etzel Immobilien AG?" Uncertainty teaches people the meaning of fear. However, there is nothing to fear. Quite the contrary. The regional real estate company Etzel Immobilien remains as it is, respectively, it will be stronger than ever. After all, everyone can profit from the newly gained relationships.

We would like to thank Mr. Jakob Gattiker for his 28 years of business activity with Etzel Immobilien AG and wish him all the best and the best of health for the future. Mr. Gattiker will remain loyal to the company as a member of the Board of Directors and continue to support Etzel Immobilien AG with his broad knowledge and extensive network of contacts.

The upcoming changes are not just a challenge, but also an opportunity for each and every one of us to continue our development and to ensure the sustainable growth of the company. Our team is looking forward to the new co-operation with Admicasa and to investing our energy in a common future.