Metall Zug Group completed the spin-off of The V-ZUG Group.

Metall Zug Group, a Swiss industrial holding company, completed the spin-off of The V-ZUG Group, a provider of household appliances. Metall Zug continues to hold around 30% of V-ZUG shares and remains an anchor shareholder. Under the spin-off and listing, shareholders of Metall Zug were allocated one registered share of V-ZUG per type A registered share and ten registered shares of V-ZUG Holding AG per type B registered share. "Today this transformation process is largely underway or has already been implemented. Key strategic projects such as the vertical factory and investments in platform technologies are well on the way. The V-ZUG Group is also committed to sustainable technologies and production methods in all areas and is aiming to achieve CO2 neutrality at production facilities in Zug by 2021," V-ZUG.