Swiss Post to float document management unit SPS in autumn -sources

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ZURICH (Reuters) - Switzerland’s Swiss Post is planning to float its SPS unit in autumn in a deal that is expected to value the digital document management company at 400-500 million Swiss Francs ($433-541 mln), two people close to the matter said.

Swiss Post is working with UBS and Credit Suisse on the deal, which will likely see shares worth 150 million Francs offered, they added.

“Various strategic options for the future of Swiss Post Solutions are constantly being examined. An IPO is one of these options,” a Swiss Post spokeswoman said, adding that no decisions have been taken so far. read the rest here

7/7/219:40 PM

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