ZURICH Oct 12 The Swiss blue-chip SMI
was seen opening 0.1 percent lower at 8,128 points on Wednesday,
according to premarket indications by bank Julius Baer
The following are some of the main factors expected to
affect Swiss stocks.
A shareholder group comprising Cascade Investment, the Bill
& Melinda Gates Foundation Trust, Columbia Threadneedle
Investments and Fidelity International has cut its voting stake
in Sika to just below 5 percent, it said on Wednesday.
Due to a reduction by Fidelity of its stake, the group said it
now held 8.83 percent of Sika's share capital and 4.9997 percent
of voting rights. Its members said they still supported
management's opposition to a takeover by France's Saint-Gobain
, which wants to buy a controlling stake held by Sika's
founding Burkard-Schenker family.
Deutsche Bank's Asia Pacific wealth management
head Ravi Raju is leaving to join UBS, a source with direct
knowledge of the move told Reuters on Tuesday.
At the same time, Deutsche Bank has hired Mohamed
Atmani as the head of its financial sponsors coverage in Asia
Pacific from Swiss bank UBS, the German bank said in an internal
memo seen by Reuters on Wednesday.
* BB Biotech saw a 392.1 million franc ($401.41
million) profit in the third quarter based on preliminary
results, bringing its loss down to 777.8 million francs in the
first nine months, the investor said on Tuesday.
* Aevis Victoria is increasing its 2.0 percent bond
issued in September by 15 million Swiss francs, bringing total
volume to 145 million francs.
* Kuehne und Nagel is managing BMW's new global
distribution centre inaugurated in Wallersdorf, Germany on
* Swiss ZEW investor sentiment for October released at 0900
($1 = 0.9768 Swiss francs)
(Reporting by Zurich newsroom)