Eichhof postpones market listing of colours unit
Swiss brewer Eichhof is to postpone the planned flotation of its Datacolor colour technology unit.
The business was due to be listed on the Swiss Stock Exchange (SWX) New Market. Eichhof said the delay was down to “the changed bourse environment for new issues” and that it could generate more value for shareholders by developing further its Datacolor unit.
It added that it wanted to concentrate on integrating four recent technology acquisitions.
Eichhof is the last independently listed brewer in Switzerland, and one of the bidders for the drinks business of Feldschlösschen Hürlimann.
Datacolor has annual sales of SFr100 million ($58.3 million). Eichhoff had planned to keep a majority stake in the group.
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