March 13, 2019 / 5:40 AM / in 5 months

Swiss stocks - Factors to watch on March 13

ZURICH/BERLIN, March 13 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2 percent lower at 9,315 points on Wednesday, according to premarket indications by bank Julius Baer.

Here are some of the main factors that may affect Swiss stocks:

EFG INTERNATIONAL

Assets under management at Swiss private bank EFG International fell to 131.2 billion Swiss francs ($130.21 billion) at the end of 2018, as tough markets and exchange-rate swings weighed, it said.

But they rose to 135.4 billion as of the end of February and hit 146.4 billion including Shaw and Partners, an Australian group in which EFG is acquiring a majority stake, it said.

NESTLE

Nestle has selected a slew of private equity firms and consumer companies L’Oreal and Unilever to participate in the next round of an auction for its skin care business, Bloomberg reported.

EDMOND DE ROTHSCHILD

The Benjamin de Rothschild family plans to take Swiss bank Edmond de Rothschild (Suisse) S.A. private as a way to consolidate Edmond de Rothschild banking activity and make the Swiss group its operative holding company, the bank said on Wednesday.

COMPANY STATEMENTS

* Rieter Holding reported a 2018 net profit of 32 million Swiss francs and proposed a dividend of 5.00 francs.

* Sika AG: acquires manufacturer of polyurethane foam systems in Belarus

* Schmolz & Bickenbach AG: Jens Alder, Alexey Moskov and Adrian Widmer proposed as new members of board of directors

* Kuros Biosciences AG: receives U.S. marketing clearance for intervertebral body fusion device

* Von Roll Holding AG: FY EBITDA of CHF 25.1 million (previous year: CHF 20.4 million)

ANALYSTS’ VIEWS

Credit Suisse - JP Morgan cuts to “neutral” from “overweight”

ECONOMY

No major Swiss economic data scheduled (Reporting by Zurich newsroom and Berlin Speed Desk)

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