Sunrise shares to start trading on Swiss stock exchange on Nov. 15-April 2024-www.financetom.com

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

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

Oct 17, 2024 1:13 PM

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 ), are to be included in

the Swiss Performance Index five trading days following that

date, Sunrise said in a statement.

Liberty Global ( LBTYA ), 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.

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