R&S Group goes public
Published: Wednesday, Dec 13th 2023, 09:00
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New addition to the Swiss stock exchange: After the Spac company VT5 completed the takeover of the Basel-based R&S Group, it will be traded as R&S Group Holding from (today's) Wednesday. The shares will be traded on the Swiss stock exchange SIX with the symbol 'RSGN' and the unchanged ISIN number CH1107979838.
The R&S Group celebrates the start of trading on the SIX Swiss Exchange as a public company with the ringing of the opening bell at SIX headquarters at 9.00 a.m., according to a communiqué issued on Wednesday. From (tomorrow) Thursday, the shares will also be included in the SPI, SPIEX and SXSLI indices.
Markus Laesser, CEO of the R&S Group, sees the IPO as an opportunity for his company to become more visible in the markets. The aim is to show "that the R&S Group is well positioned to benefit from the growing demand for energy and the key drivers of decarbonization, decentralization and modernization".
The Basel-based company manufactures transformers for power generation and transmission. It was founded in Sissach in 1919 and employs over 700 people at locations in five countries. For 2023, it expects sales of over CHF 200 million and an (adjusted) EBIT margin of around 18%.
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