Swatch jumps after report on potential delisting
Adds Swatch response, detail from paragraph 1
Sept 26 (Reuters) -Shares in Swatch Group UHR.S jumped as much as 16% on Thursday, with a trader pointing to a report the Swiss watchmaker could be delisted.
Swiss business magazine Bilanz published a preview of an interview with Swatch CEO Nick Hayek saying he was considering delisting the maker of Omega, Tissot and Longines watches from the stock exchange.
"We always said that taking the company private would be a nice thing to do and at so ridiculous low share prices that we saw since quite some time even more seducing," company spokesperson Bastien Buss said.
"So the today interview published in Bilanz says nothing new. Everything else is pure speculation," Buss said.
The stock, which had fallen some 31% so far this year, was up 11% on the day by 1240 GMT.
Hayek's family controls 43% of Swatch's voting shares.
Swatch is the most shorted stock on the STOXX 600 with a 16% short interest, according to data elaborated by Mediobanca.
Reporting by Danilo Masoni, Anna Pruchnicka, Isabel Demetz; Editing by Amanda Cooper, Kirsten Donovan
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