Michael Müller

GVO Asset Management AG (GVO AM) is the asset management subsidiary of Paramount Finanz AG, itself a subsidiary of Hansa AG in Switzerland. Founded in 2007 by Georg von Opel, the firm is based in Zug and provides investment advisory and portfolio management services.

The Group's principal activities are operating departmental stores, real estate and mail order business. The Group operates under the following divisions : Retail Trade and Real Estate. Retail Trade division includes retail trade activities of departmental stores, real estate, restaurants, fashion bazaars, Beach mountain, Molino restaurants, bonus card and mail order through Jelmoli AG. Real Estate division provides real estate activities such as office space to rent; logistics centres, shopping centres and departmental stores. Buchental Handels AG and Preisinsel AG were sold during the year.

Valora Holding AG engages in the operation of small-scale retailer in the convenience and food service sector. It operates through the following segments: Retail, Food Service, and Other. The Retail segment is involved in marketing and distribution systems for press products, tobacco, and consumer products for everyday needs as well as impulse purchases. The Food Service segment offers value chain covering phases; production of lye bread to sales to wholesalers; and operation of takeaway concepts. The Other segment focuses on finance, human resources, business development, digital product development, legal services, and communications as well as bob Finance. The company was founded in 1905 and is headquartered in Muttenz, Switzerland.

Merbag Holding AG engages in the acquisition and management of participating interests in firms. It also specializes in other investments. The company was founded on March 12, 1999 and is headquartered in Cham, Switzerland.