Apollo sells Watches of Switzerland stock after resilient earnings

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By Aidan Gregory
15 Sep 2020

Apollo Global Management has monetised another chunk of its stake in Watches of Switzerland, the UK luxury watch retailer that was listed on the London Stock Exchange last year.

Barclays was the bookrunner on the £102m placing, which was launched after the market close on Monday evening. Rothschild was financial adviser to Apollo.

Due to the strength of the demand, the size of the deal was increased from 27.5m shares to 33m, equivalent to a ...

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