Swiss stocks - Factors to watch on May 17
17/05/2016 06:06
ZURICH, May 17 (Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Tuesday:
SYNGENTA SYNN.S
The U.S. Department of Agriculture has agreed to join the
U.S. government panel that is reviewing state-owned ChemChina's
planned $43 billion acquisition of Swiss seeds and pesticide
maker Syngenta AG, people familiar with the matter said on
Monday. urn:newsml:reuters.com:*:nL2N18D22O
Separately, the first extension period of the public tender
offer to buy Syngenta will commence on May 24 and end on July
18.
For more news click SYNN.S
UBS UBSG.S
The Swiss bank's Americas wealth unit is partnering with
online financial advisor SigFig Wealth Management to develop
technology and investment tools for the Swiss bank, UBS said on
Monday. urn:newsml:reuters.com:*:nL2N18A1ML
For more news click UBSG.S
CREDIT SUISSE CSGN.S
Credit Suisse has hired Ray Raimondi, formerly of Barclays
BARC.L, to lead its global mergers and acquisitions team for
deals in the industrials sector, the Swiss bank said on Monday.
For more news click CSGN.S
GAM GAMH.S
The Swiss group has agreed to buy British equity investment
group Taube Hodson Stonex (THS), which manages around 1.8
billion pounds ($2.60 billion) of assets. urn:newsml:reuters.com:*:nL5N18D1TA
For more news click GAMH.S
NOVARTIS NOVN.S
The drugmaker is seeking to resolve a dispute with Colombia
over the Latin American country's intention to allow generic
competition for leukaemia drug Glivec to cut prices for the drug
even though it is still protected by a patent, the
Tages-Anzeiger paper reported at the weekend
For more news click NOVN.S
SONOVA SOON.S
CEO Lukas Braunschweiler told Handelszeitung he was
confident of getting German anti-trust approval for the
acquisition AudioNova. "Even if the number of Sonova branches in
Germany rises to 700 one can absolutely not speak of a dominant
market position," he was quoted as saying.
For more news click SOON.S
WATCHES
The head of luxury group LVMH's LVMH.PA Swiss watchmaking
business hopes sales of the TAG Heuer brand, which includes
"smartwatches" that connect to the Internet, will rise by at
least a tenth this year, he told Swiss newspaper Le Temps.
urn:newsml:reuters.com:*:nL5N18B0AV
NOVIMMUNE
The idea of floating the Geneva-based biotech group has been
shelved, the SonntagsZeitung quotes main shareholder Martin
Ebner as saying in a weekend interview. "A listing is not an
attractive option at the moment," he said.
COMPANY STATEMENTS CPR-CH
* Swiss private bank BSI is investigating employees and
their dealings related to Malaysian state investment fund
1Malaysia Development Berhad, Bloomberg reported citing people
familiar with the matter. EFG International AG EFGN.S recently
agreed to buy BSI from Brazil's Grupo BTG Pactual SA
BBTG11.SA . urn:newsml:reuters.com:*:nL3N18D4HV
* Orascom Development Holding AG ODHN.S said it expects to
report a 17-20 percent decrease in its consolidated revenues for
Q1 2016 compared to same period last year and expects a net loss
in range of 26-28 million Swiss francs. urn:newsml:reuters.com:*:nRSD9tGVYg
* Airopack Technology Group AG AIRN.S closes the
acquisition of Resilux's 50 pct stake in Airolux joint venture.
urn:newsml:reuters.com:*:nASN00020C
* Burckhardt Compression BCHN.S completed the acquisition
of a 60 percent stake in Shenyang Yuanda Compressor Co Ltd. as
announced on March 11. Shenyang Yuanda is the leading
reciprocating compressor manufacturer in China. BCHN.S
* Castle Alternative Invest AG CASN.S announces buyback of
own shares through the issuance of tradable put options for
capital reduction. CASN.S
* Altin AG ALTN.S said Alpine Select ALPN.S requests to
convene an extraordinary shareholders' meeting for Altin AG for
purpose of taking a decision with regards to a distribution of a
special dividend. ALTN.S
ECONOMY M-CH
* Data on sight deposits at the Swiss National Bank due at
0700 GMT
* Producer/import price data CHPPIY=ECI for April due at
0715 GMT
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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