The days of private market company Spice Private Equity listed in Switzerland are numbered. The company has applied for delisting from the SIX exchange.
The move had been in the offing for months. At the end of August, private equity firm Spice Private Equity (SPE) was acquired by majority shareholder GP Swiss, a Bermuda-domiciled subsidiary of GP Investments. At the same time, it was announced that the company would be taken off the exchange.
SPE's application from the SIX Swiss Exchange was approved on December 13 by Six Exchange Regulation (SER). All listed registered shares with a par value of 10.00 Swiss francs each will be delisted, according to a statement Wednesday.
Delisting Date To be Determined
The delisting will take place at a date yet to be determined and be announced through an official notice no later than five trading days before SPE's last trading day.
In 2018, billionaire Jorge Paulo Lemann acquired Spice, a listed but operationally inactive company. The goal was to turn SPE into an investment company managing the turnaround of companies worldwide and ventures into complicated transactions.
In the meantime, SER had been investigating SPE for violations of ad hoc publicity rules. However, the SIX stock exchange regulator's investigation was dropped in October.
