Swiss stocks - Factors to watch on Sept 23

Von Roll Holding AG

23/09/2015 07:19

ZURICH, Sept 23 (Reuters) - The Swiss blue-chip SMI  .SSMI  
was seen opening 0.3 percent lower at 8,451 points on Wednesday, 
according to premarket indications by bank Julius Baer 
 JBPRE01 . 
    The following are some of the main factors expected to 
affect Swiss stocks: 
 
    SWISS RE  SRENH.VX  
    Swiss Re's business unit Admin Re has agreed to buy Guardian 
Financial Services for 1.6 billion pounds from private equity 
company Cinven  CINV.UL , the Swiss group announced. 
 ID:nL5N11T0BQ  Subject to regulatory approval, the acquisition 
could be completed in early 2016. 
    For more click on  SRENH.VX  
     
    COMPANY STATEMENTS  CPR-CH  
    * Actelion  ATLN.VX  will present data from the late 
clinical Phase III trials of its lung medication Selexipag at 
the European Respiratory Society Congress in Amsterdam on 
September 30. The presentation will detail the effect of 
Selexipag on patients with pulmonary arterial hypertension 
(PAH). Information will also be presented on PAH drug Opsumit. 
 ATLN.VX  
    * Von Roll Holding AG  ROL.S  said that it would discontinue 
wire production at its Breitenbach, Switzerland site, affecting 
up to 55 employee positions. Wire production will be 
concentrated at the Roll, France site of Von Roll France SA. 
 ROL.S  
    * Transport and logistics company Kuehne + Nagel 
International AG  KNIN.VX  has entered into an agreement with 
California-based audio technology company Turtle Beach 
Corporation  HEAR.O  to become its global logistics provider, 
the Swiss company said.  KNIN.VX  
    * Roche  ROG.VX  has gained appproval for its lung 
medication Esbriet in Switzerland.  ROG.VX  
    * Liechtensteinische Landesbank AG  LLB.S  aims to increase 
business volume to over 70 million francs by the end of 2020 and 
sees a cumulative net profit from 2016 to 2010 of over 500 
million francs for the LLB Group.  LLB.S  
    * VP Bank AG  VPB.S  aims to manage 50 billion francs in 
assets by 2020, Chief Executive Alfred Moeckli told Swiss 
newspaper Finanz und Wirtschaft. To do so, it will need to 
increase its assets under management by 15 billion francs, and 
would be interested in acquisitions, particularly in 
Switzerland, Liechtenstein and Luxembourg, to do so.  VPB.S  
    * Kuoni  KUNN.S  head Peter Meier told Swiss newspaper 
Finanz und Wirtschaft that a lower amount would be available for 
dividend payments than last year and that capital increases were 
not on the cards.  KUNN.S  
    * AFG Arbonia-Forster Holding AG  AFGN.S  said on Tuesday 
that 99.9 percent of subscription rights to its recently 
announced 206.7 million francs capital-raising programme were 
exercised. Trading of the new shares begins on the SIX Swiss 
Exchange on Wednesday.  AFGN.S  
    * Solvalor Fund Management SA, the holding company of real 
estate investment fund Solvalor 61  SOL.S , will raise 103 
million Swiss francs in capital through the issuance of new 
shares planned for early November, the company said on Tuesday, 
in order to finance larger ongoing building projects.  SOL.S  
 
     
    ECONOMY  M-CH  
     
     
 
 (Reporting by Zurich newsroom) 
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Keywords: MARKETS SWISS STOCKS/