Salt reportedly preparing for listing later this year

1 Jul 2021

Swiss full-service provider Salt is reportedly preparing to float shares on the SIX Swiss Exchange later this year, Reuters writes, citing three people close to the matter. According to the sources, the sale is expected to value the company at around CHF2.5 billion (USD2.71 billion) and Salt is expected to sell shares worth around CHF700 million in the listing, mainly new shares from a capital increase. The sources also claimed that the company’s owner French billionaire Xavier Niel is looking to exit the company after nearly seven years of investment, having taken over the operator in early 2015.

Switzerland, Salt (Switzerland)