News / Swissport IPO deferred as CEVA steals its thunder

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Just one day after CEVA announced its intention to list on the Swiss Stock Exchange (SIX) this quarter, Swissport has said it will now defer its plans to list on the exchange.

The handler, owned by cash-strapped HNA Group, announced in January its intention to seek an IPO, with HNA hoping to secure a valuation of CHF2.7bn ($2.84bn). At the same time, the market was awash with speculation that Swissport was planning to acquire rival WFS. One source told The Loadstar ...