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10 Feb 2021 | 09:22

Apollo Global places 22.7m Watches of Switzerland shares

(Sharecast News) - Watches of Switzerland fell on Wednesday after Apollo Global Management placed as many as 22.7 million shares in the company. According to terms seen by Bloomberg, Jewel Holdco, a company owed by the private equity firm, is the selling shareholder.

Bloomberg said Barclays and HSBC are joint global coordinators.

At 0920 GMT, the shares were down 2.1% at 645p.
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