{"id":8013,"date":"2012-02-16T02:06:01","date_gmt":"2012-02-16T00:06:01","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-2-dksh-eyes-debut-on-swiss-exchange-by-end-june\/"},"modified":"2012-02-16T02:06:01","modified_gmt":"2012-02-16T00:06:01","slug":"update-2-dksh-eyes-debut-on-swiss-exchange-by-end-june","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-dksh-eyes-debut-on-swiss-exchange-by-end-june\/","title":{"rendered":"UPDATE 2-DKSH eyes debut on Swiss exchange by end June"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* DKSH current value about 5 bln Swiss francs on Berne OTC<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* No new shares being sold, only existing stock<\/p>\n<p><span><\/span><\/p>\n<p>* Major shareholder Diethelm Keller looking for partial exit<\/p>\n<p> (Adds trader comment, details)<\/p>\n<p><span><\/span><\/p>\n<p>ZURICH, Feb 15 (Reuters) &#8211; DKSH, which helps companies<br \/>\nmarket and distribute their goods in Asia, plans to list on the<br \/>\nSwiss bourse by the end of June, in what could be the first<br \/>\nmajor initial public offering in Europe since the middle of last<br \/>\nyear.<\/p>\n<p><span><\/span><\/p>\n<p>While DKSH is valued at around 5 billion Swiss francs ($5.4<br \/>\nbillion) on Berne&#8217;s over-the-counter exchange, Chief Executive<br \/>\nJoerg Wolle would not comment on any expected valuation.<\/p>\n<p><span><\/span><\/p>\n<p>The IPO will not involve any new shares, allowing existing<br \/>\nshareholders to cash in part of their holdings.<\/p>\n<p><span><\/span><\/p>\n<p>European companies have put their IPO plans on ice during a<br \/>\nperiod of market volatility brought on by the euro zone debt<br \/>\ncrisis, rather than settle for lower pricing.<\/p>\n<p><span><\/span><\/p>\n<p>Majority shareholder Diethelm Keller Holding, which owns<br \/>\naround 63 percent of DKSH, plans to diversify its investment<br \/>\nportfolio, Wolle told Reuters on Wednesday.<\/p>\n<p><span><\/span><\/p>\n<p>Peugeot family holding company FFP and fund of hedge funds<br \/>\nmagnate Rainer-Marc Frey each owns just over 10 percent of DKSH.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* DKSH current value about 5 bln Swiss francs on Berne OTC * No new shares being sold, only existing stock * Major shareholder Diethelm Keller looking for partial exit (Adds trader comment, details) ZURICH, Feb 15 (Reuters) &#8211; DKSH, which helps companies market and distribute their goods in Asia, plans to list on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8013","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8013"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8013\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}