Swiss stocks - Factors to watch on March 27
27/03/2017 05:43
ZURICH, March 27(Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Monday
GALENICA GALN.S
Galenica GALN.S expects to raise up to 1.68 billion Swiss
francs ($1.70 billion) when it floats its Sante pharmacy
business, the Swiss drugmaker said on Friday. urn:newsml:reuters.com:*:nFWN1H1014
For more information, click on GALN.S
TURKEY
The Turkish foreign ministry summoned Switzerland's
ambassador in Ankara on Sunday over a protest in Bern that it
said was organised by supporters of terrorist groups and
targeted President Tayyip Erdogan, ministry sources said.
On Saturday several thousand people, including Kurdish
protesters, joined a rally in the Swiss capital calling for a
'No' vote in Turkey's April 16 referendum that could give
sweeping powers to Erdogan under a constitutional overhaul.
urn:newsml:reuters.com:*:nL5N1H30Q0
BRAZIL
Switzerland has extended a ban on Brazilian meat to 21
processing plants from four as part of Europe-wide safety
measures, Swiss authorities said on Sunday. urn:newsml:reuters.com:*:nL5N1H30PW
COMPANY STATEMENTS CPR-CH
* Cover-more Group Ltd CVO.AX said shareholders voted in
favour of arrangement under which Zurich Insurance Company Ltd
ZURN.S via unit will acquire all of shares on issue in
Cover-More urn:newsml:reuters.com:*:nFWN1H400B
* LVMH's LVMH.PA watch business head expects the business
to improve in the second half of the year the latest,
Jean-Claude Biver told the Tages Anzeiger paper. In an interview
published on Saturday, he said he was very optimistic for the
next years.
* Richemont CFR.S Chairman Johann Rupert said the
situation in China, one of the world's biggest markets for
luxury watches and jewellery, has normalised with growth in all
segments, the newspaper Finanz und Wirtschaft reported.
* Coltene CLTN.S , a developer and producer of dental
consumables, said it has bought the business and the assets of
Diatech for an undisclosed sum. CLTN.S
* Airopack Technology AIRN.S said fiscal year net result
of the group amounted to a loss of 42.3 mln euros. AIRN.S
* Utility BKW BKWB.S is interested in participating in the
planned expansion of the Polavaram dam in India, Sonntagszeitung
reported. "We aim to support planning and monitoring of the
construction," a BKW spokesman told the paper.
* Meyer Burger MBTN.S cannot deliver solar cell production
facilities worth 67 million euros to a Turkish company in the
first quarter as planned because the customer did not manage yet
to secure financing, Sonntagszeitung reported.
ECONOMY M-CH
The Swiss National Bank is due to publish sight deposit data
at 0800 GMT.
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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