August 22, 2016 / 4:45 AM / in a year

Swiss stocks - Factors to watch on Aug 22

ZURICH, Aug 22 (Reuters) - The Swiss blue-chip SMI was seen opening 0.4 percent firmer at 8162 points on Monday, according to premarket indications by bank Julius Baer .

Here are some of the main factors expected to affect Swiss stocks:


A U.S. regulator has cleared ChemChina’s $43 billion takeover of Swiss pesticides and seeds group Syngenta SYNN.S, the companies said on Monday, boosting chances that the largest foreign acquisition ever by a Chinese company will go through.

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Swiss Sunday paper NZZ am Sonntag said Zurich Insurance could sack up to 380 managers -- a fifth of its 1,900 executives around the world, 1,300 of them in Switzerland -- under a streamlining drive by new Chief Executive Mario Greco.

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The bank has no plans at present to pass on negative Swiss interest rates to retail clients, Thomas Gottstein, head of the bank’s Swiss business, tells SonntagsBlick paper.


* Actelion said it has purchased 10 million of its own shares, representing 8.31 percent of issued shares, and completed the buyback it launched nearly three years ago.

* Ascom Holding AG to divest its network testing division to InfoVista; Transaction is based on a cash-free/debt-free enterprise value of $45 million; Will receive $30 million in cash at closing and the remainder of the consideration in the form of a subordinated vendor loan with a nominal value of $15 million, a 7-year maturity and a stated interest rate of 4 pct p.a.

* Eastern Property Holdings Ltd acquires “Work Life Center” in Hamburg


The Swiss National Bank releases sight deposits data at 0800 GMT.

Reporting by Zurich newsroom

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