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The climate of the first public calls for savings is currently anything but optimal. In Switzerland, the third public call for savings of the year just failed. The factory builder Oerlikon is canceling for the moment the issuance of its transport subsidiary GrazianoFairfield
"The significant increase in volatility since the beginning of the book building phase and the feeling that in stems from the financial markets do not offer an optimal environment. ", Oerlikon announced Monday. Originally, the shares of GrazianoFairfield Wednesday are expected to debut on the floor of Zurich
The value of the company would have reached 620 million francs (533 million euros). The IPO should now take place at a later date, Oerlikon explained.
GrazianoFairfield would have been the ninth new addition to the SIX Swiss Exchange this year. The two companies belonging to the heavily indebted Chinese conglomerate HNA Gategroup and Swissport put their stock plans back in the drawer
(Reuters)
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