Foreign acquisitions drive Swiss stock exchange to expected loss
Foreign acquisitions drive Swiss stock exchange to expected loss
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Foreign acquisitions drive Swiss stock exchange to expected loss
The operator of Switzerland’s main stock exchange, SIX Group, has warned of expected losses this year running into billions of francs.
The reason is negative value adjustments to its stake in payments provider Worldline participation and the Spanish stock exchange, which SIX bought in 2020.
The stock exchange operator expects a negative consolidated result in the range of CHF1 billion to CHF1.1 billion for 2023, it announced on Thursday. ...