Sunrise returns to the Swiss stock exchange
Published: Friday, Feb 16th 2024, 15:10
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Sunrise is becoming independent again four years after the takeover by Liberty Global. The Americans want to spin off the second-largest Swiss telecoms provider and return it to the SIX Swiss Exchange.
The listing of Sunrise on the Swiss stock market is planned for the second half of the year, Liberty Global announced at an investor conference on Friday afternoon. However, this is not a classic IPO with a capital increase, but a spin-off.
The new Sunrise shares will be allocated to Liberty Global shareholders. They can then decide for themselves whether they want to remain involved in the Swiss telecoms provider or not.
As a result, Sunrise will once again be released into entrepreneurial freedom. The Swiss company will be completely separated operationally from the US cable network giant.
©Keystone/SDA
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