Sunrise shares to start trading on Swiss stock exchange on Nov. 15

Liberty Global

16/10/2024 05:49

Oct 16 (Reuters) - Shares in Swiss telecom group Sunrise
are set to start trading on the Swiss stock exchange On Nov. 15,
the firm said on Wednesday.
    Class A shares in Sunrise, which will be 100% spun off by
parent company Liberty Global  LBTYA.O , are to be included in
the Swiss Performance Index five trading days following that
date, Sunrise said in a statement.
     Liberty Global, set up by U.S. cable pioneer John Malone,
bought Sunrise for $7.4 billion in 2020 and had previously
announced plans to spin off the Swiss telecoms operator to
shareholders in the fourth quarter of 2024.

 (Reporting by Tristan Veyet in Gdansk, Editing by Rachel More)
 ((Tristan.Chabba@thomsonreuters.com;))