Swiss stocks - Factors to watch on May 4
04/05/2016 06:20
ZURICH, May 4 (Reuters) - Here are some of the main factors
expected to affect Swiss stocks on Wednesday:
CREDIT SUISSE CSGN.S
The Swiss bank and six other lenders have agreed to pay $324
million to settle a private U.S. lawsuit accusing them of
rigging an interest rate benchmark used in the $553 trillion
derivatives market. urn:newsml:reuters.com:*:nL2N1801ZF
Credit Suisse sold distressed credit assets to TSSP for
$1.27 billion, resulting in an additional $100 million charge to
be reflected in first-quarter results. {nASC08MIX]
For more click CSGN.S
SYNGENTA SYNN.S
The Swiss agrichemicals group named J. Erik Fyrwald, chief
executive of U.S. chemistry distribution company Univar Inc, as
CEO from June 1. He succeeds John Ramsay, who has been ad
interim CEO since November 2015. urn:newsml:reuters.com:*:nZ8N16P02A
COMPANY STATEMENTS CPR-CH
* EQT acquisition vehicle Kiwi said it controlled 98.2
percent of the voting rights and 97.7 percent of the share
capital of travel group Kuoni KUNN.S according to provisional
final results of a tender offer.
The Swiss Takeover Board ruled that an adjusted shareholder
agreement (inclusive contribution agreement) between the Kuoni
and Hugentobler Foundation and Kiwi complied with the provisions
of the FMIA and the implementing ordinances and in view of the
offer price of 370 francs did not violate the best price rule.
* Pargesa PARG.S swung to a first-quarter net loss of
371.3 million Swiss francs from a profit of 86.7 million a year
earlier urn:newsml:reuters.com:*:nFWN180141
* USI USIN.S said it had decided to submit a conditional
offer to acquire all the issued and outstanding shares of
London-based investment banking group RP&C International Inc in
exchange for over 2.1 million shares in the company urn:newsml:reuters.com:*:nFWN18013Y
* Altin AG ALTN.S said Eric Syz will be stepping down as
director following company's annual general meeting to be held
on May 9
ECONOMY M-CH
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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