ZURICH Swiss online marketplace Chronext wants to issue new shares worth around 250 million Swiss francs and also place existing shares from investors in an initial public offering (IPO) at Swiss stock exchange SIX, the company said on Friday.
ZURICH, Aug 31 Swiss group Brusa Elektronik
plans to list its power electronics business on the SIX Swiss
Exchange as soon as October to capitalise on the boom in
electrical drives for alternative vehicles, two sources close to
the situation told Reuters.
ZURICH Credit Suisse, recently hit by the Archegos and Greensill scandals, has created a new role of chief risk officer for asset management that will be filled by Wolfram Peters, former chief risk officer at Allianz Global Investors, executives of the Swiss bank said in an internal memo seen by Reuters.
ZURICH When Credit Suisse reports earnings on Thursday, investors will get an insight into how aftershocks from the Archegos and Greensill scandals are being felt across its investment bank just as its rivals are flourishing.
ZURICH Credit Suisse has hired UBS' David Kruck, with new divisional head Ulrich Koerner bringing in a former colleague to join him at the top of the bank's asset management team.
ZURICH Switzerland's Swiss Post is planning to float its SPS unit in autumn in a deal that is expected to value the digital document management company at 400-500 million Swiss Francs ($433-541 mln), two people close to the matter said.
FRANKFURT Swiss technology group ABB plans to list its e-mobility division on the stock market next year in a deal that could value the fast-growing business at about $3 billion, according to three people close to the matter.
ZURICH Switzerland's no.3 telecoms group Salt is preparing for a Zurich stock market flotation in the autumn in a deal that could value the company at about 2.5 billion Swiss francs ($2.7 bln), three people close to the matter said.
ZURICH Credit Suisse Group AG is considering centralising the management of its bankers to the world's wealthy, reversing a regional structure put in place six years ago, as the scandal-plagued Swiss bank looks for ways to tighten controls and improve operations, three sources familiar with the matter said.