Swiss stocks - Factors to watch on Dec 21
21/12/2015 05:45
ZURICH, Dec 21 (Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Monday:
SYNGENTA SYNN.VX
State-owned China National Chemical Corp CNNCC.UL has
raised its offer to buy Syngenta AG by about $2 billion, to $44
billion, proposing a two-stage takeover of the agrochemical
company, Bloomberg reported, citing sources.
ChemChina has offered 470 Swiss francs ($472) per share to
buy 70 percent of Syngenta with an option to acquire the
remaining 30 percent at a later date, Bloomberg said on Friday.
(http://bloom.bg/1OdJSqo)
Syngenta is ready to discuss deals with the whole industry,
including the world's largest seed company Monsanto MON.N , its
interim Chief Executive John Ramsay told a news agency on
Friday.
For more, click on SYNN.VX
NOVARTIS NOVN.VX
Drug companies have taken too great a share of the benefits
of new drug treatments but are moving to different models
involving sharing more with health systems and insurers, the
head of Swiss-based Novartis was quoted saying on Sunday.
ID:nL8N14909N
COMPANY STATEMENTS CPR-CH
* Crealogix CLXN.S said co-founder Bruno Richle would step
down as CEO from the start of 2016 and focus on his role as
chairman. Thomas Avedik, leader of the Digital Banking business
unit, will take over as CEO.
* Valartis VLRT.S and Wiener Privatbank WPBI.VI
announced that Wiener Privatbank SE had signed a sale contract
to take over a major portion of Valartis Bank (Austria) AG's
banking operations. Real estate in Vienna will be
purchased by a joint venture company, in which Wiener Privatbank
owns a majority holding. As previously announced, the agreed
overall purchase price will be around 13 million euros.
* EFG International EFGN.S said Peter Fischer was
appointed Head of Strategy, HR & Marketing and a member of the
Executive Committee, effective 1 January 2016. Keith Gapp and
Henric Immink will leave the firm to pursue other opportunities.
EFGN.S
ECONOMY M-CH
Data on sight deposits at the Swiss National Bank due at
0800 GMT
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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