Swatch CEO Says No Take-Private Plans Underway as Shares Soar
- Swatch has long wanted to exit stock exchange listing CEO says
- Swatch CEO tamps down speculation of take private deal
Swatch CEO Nick Hayek
Photographer: Pascal Mora/BloombergThis article is for subscribers only.
Swatch Group AG Chief Executive Officer Nick Hayek said that it’s “pure speculation” that the company is considering going private now, although it’s something that “would be nice to do.”
The CEO made those comments to Bloomberg after an interview he gave to a Swiss publication on the matter contributed to the biggest intraday jump in its shares on record.