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ZURICH (Reuters) - Switzerland s no.3 telecoms group Salt is preparing for a Zurich stock market flotation in the autumn in a deal that could value the company at about 2.5 billion Swiss francs ($2.7 bln), three people close to the matter said.
French entrepreneur Xavier Niel is seeking an exit after seven years of investment, they added.
The company is expected to sell shares worth roughly 700 million Swiss francs ($757 million), mainly new shares from a capital increase, the people said.
Credit Suisse, Goldman Sachs, Morgan Stanley and BNP Paribas are organising the flotation, they added.
Salt said that the company and its owner are considering financing options, including an IPO, adding that no decisions have been taken. The banks declined to comment or were not immediately available for comment.
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