Mediengruppe Oberfranken and Tengelmann-backed luxury watch marketplace Chronext plans to float on the SIX Swiss Exchange later this year.

Chronext, a Switzerland-based luxury watch marketplace operator backed by publishing firm Mediengruppe Oberfranken and retail group Tengelmann, today announced its intention to float in an CHF250m ($273m) initial public offering. The offering will likely include the issuance of new and secondary shares on the SIX Swiss Exchange. It is set to be held in the…

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