Swiss stocks - Factors to watch on June 7

VP Bank AG

07/06/2016 06:16

ZURICH, June 7 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Tuesday: 
     
    UBS  UBSG.S  
    Standard & Poor's said it revised UBS Group AG rating to 
'A-' from 'BBB+', outlook revised to 'stable' from 'positive' 
     
    ROCHE  ROG.S  
    Pharmaceutical companies Roche and OSI Pharmaceuticals LLC 
will pay $67 million to resolve allegations they made misleading 
statements about the effectiveness of lung cancer drug Tarceva, 
the U.S. Justice Department said on Monday.  urn:newsml:reuters.com:*:nL1N18Y26X 
    For more click  ROG.S  
     
    SCHINDLER HOLDING  SCHP.S  
    The world's No. 3 elevator maker will initially acquire a 25 
percent equity stake in Volkslift Elevator (China) Co. Ltd. with 
options to purchase remaining shares. A price for the 
transaction in China, the world's biggest lifts market, was not 
given.  urn:newsml:reuters.com:*:nFWN18Y0MM 
    For more click  SCHP.S  
       
    COMPANY NEWS  CPR-CH  
    * Investis Group, a residential real estate company near 
Geneva, says it plans an initial public offering and listing on 
Six Swiss Exchange.  urn:newsml:reuters.com:*:nFWN18Y0MR 
    * Valartis Group AG  VLRT.S  said Stephan Haeberle, who 
acted as board member and the chief executive since Jan. 15, is 
no longer available for re-election as a member of board of 
directors. The board proposes Philipp Leibundgut as a 
replacement.  VLRT.S  
    * Burckhardt Compression  BCHN.S  said full-year net income 
amounted to 55.5 million francs, a decline of 3.6 percent from 
the 57.6 million francs of the previous year.  
    * Charles Voegele  VCH.S  said it was exiting the Belgian 
market, where it operates 41 stores with 210 employees. 
    * Meyer Burger Technology  MBTN.S  said it won a 10 million 
franc contract for diamond wire saws.  
    * VP Bank  VPBN.S  said it would buy back a maximum of 
120,000 registered A shares corresponding to 1.81 percent of the 
share capital and 1.00 percent of the voting rights. The 
repurchased shares shall be used for future acquisitions and 
treasury management purposes. 
    * Sulzer  SUN.S  raised 450 million francs in a dual-tranche 
deal to refinance existing debt. The first tranche of 325 
million has a term of six years and carries a coupon of 0.375 
percent at a price of 100.371 percent. The second tranche of  
125 million has a term of ten years and carries a coupon of 
0.875 percent at a price of 100.169 percent. 
    * Autoneum Holding AG  AUTON.S  raised 75 million Swiss 
francs via a seven-year bond with a coupon of 1.125 percent.  
The bond will facilitate the partial early refinancing of a 125 
million franc expiring on Dec. 14, 2017.  urn:newsml:reuters.com:*:nFWN18Y0FT 
    * Bellevue Group  BBN.S  said it closed its acquisition of 
German company StarCapital as planned on June 6.  urn:newsml:reuters.com:*:nFWN18Y0IS 
     
    ECONOMY  M-CH  
    Data on Swiss National Bank currency reserves due at 0700 
GMT 
     
     
 
 (Reporting by Zurich newsroom) 
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