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Swiss pharmacy group calls shareholder meeting ahead of possible IPO

Zur Rose Group AG called a shareholders meeting for June 19 to increase its share capital ahead of a possible IPO, Reuters reported.

The Swiss pharmacy firm is mulling options, including a debt issuance, to raise funds for its expansion and is working with European banks UBS and Berenberg to explore its possibilities.

"Shareholder approval of the business on the agenda would allow Zur Rose Group AG to proceed with an initial public offering, possibly even this year, if the circumstances are favorable," the company said in a statement, according to the report.