gategroup not to pursue listing on SIX Swiss Exchange

gategroup not to pursue listing on SIX Swiss Exchange


ZURICH Glattbrugg, 26 March, 2018 - gategroup Holding AG together with its shareholder HNA Group, announced today it will not pursue the Initial Public Offering (IPO) of gategroup Holding AG’s shares on SIX Swiss Exchange due to a gap in valuation under current market conditions.

“We will continue to implement our Gateway 2020 strategy, which has positioned gategroup as the market leader and allowed us to double results over the past two years. We remain committed to continue generating value for our customers and shareholders,” said Xavier Rossinyol, CEO.