Sulzer AG (SUN.S)
19 Oct 2018
ZURICH, Sept 19 Swiss pump maker Sulzer has sold at a profit shares it bought from Russian oligarch Viktor Vekselberg in April in a move designed to reduce his stake below 50 percent and escape U.S. sanctions.
ZURICH, Sept 19 Swiss pump maker Sulzer has emerged unscathed from U.S. sanctions that forced Russian oligarch Viktor Vekselberg to cut his stake to a minority and the global trade war he said was now raging, Chief Executive Greg Poux-Guillaume told Reuters.
* A CAPITAL GAIN OF AROUND CHF 15 MILLION Source text for Eikon: Further company coverage: (Gdynia Newsroom)
ZURICH Swiss pumpmaker Sulzer , in which Russian businessman Viktor Vekselberg owns a stake, lifted its full-year sales and order forecasts on and shrugged off the temporary freezing of its assets following the U.S. crackdown on oligarchs linked to Russian President Vladimir Putin.
ZURICH, July 25 Swiss pumpmaker Sulzer, in which Russian businessman Viktor Vekselberg owns a stake, lifted its full-year sales and order forecasts on and shrugged off the temporary freezing of its assets following the U.S. crackdown on oligarchs linked to Russian President Vladimir Putin.
* H1 SALES AT CHF 1.60 BILLION VERSUS CHF 1.43 BILLION YEAR AGO
* SULZER RAISED CHF 385 MILLION IN THE SWISS CAPITAL MARKET YESTERDAY VIA A DUAL TRANCHE ISSUANCE
ZURICH Russian oligarch Viktor Vekselberg's board representation at Swiss pump maker Sulzer dropped to three with the resignation of one of his allies on Monday in the latest instance of U.S. sanctions making waves in Europe's boardrooms.
* Vekselberg influence wanes at Sulzer, left with three allies
ZURICH, May 28 Swiss pumpmaker Sulzer said on Monday that Axel Heitmann, one of four representatives of Russian investor Viktor Vekselberg's investment company Renova on its board, had submitted his resignation.