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Oliver Hirt

Swiss banking software company Avaloq prepares for 2020 sale - sources

05 Nov 2019

FRANKFURT/ZURICH Swiss banking software company Avaloq is starting preparations for a 2020 sale or initial public offering as its private equity shareholder Warburg Pincus seeks an exit, people close to the matter said.

UBS could double Americas wealth business profit within a decade

01 Nov 2019

ZURICH UBS Group could double the profit it makes from its American wealth management arm within a decade even as it cuts staff numbers by targeting the super-rich, the co-head of the business told Reuters.

Benko's Signa likely to bid for Switzerland's Globus: sources

29 Oct 2019

ZURICH Austrian investor Rene Benko's Signa Holding is likely to submit an offer for Swiss department store chain Globus, with bids due by the end of November, sources familiar with the situation told Reuters.

Investor revolt torpedoes Swiss Sunrise's $6.4 billion Liberty Global deal

22 Oct 2019

ZURICH Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global's Swiss cable business UPC.

Liberty Global backs Sunrise deal to tune of $500 million

14 Oct 2019

ZURICH Liberty Global has offered a 500 million Swiss franc ($501.45 million) sweetener to rescue the sale of its Swiss cable and TV business to Sunrise Communications but a key Sunrise shareholder said it remained opposed to the deal.

Sunrise's UPC deal too expensive, says advisory group ISS

10 Oct 2019

ZURICH Proxy adviser ISS recommended shareholders vote against a rights issue that will allow Sunrise Communications to finance a 6.3 billion Swiss franc ($6.35 billion) purchase of cable operator UPC from Liberty Global , in a report sent to clients on Thursday.

At least 30% of Sunrise votes oppose rights issue for UPC deal -investors

03 Oct 2019

ZURICH, Oct 3 Sunrise Communications' planned 6.3 billion Swiss franc ($6.30 billion) takeover of cable operator UPC from Liberty Global is going down to the wire, with several investors set to oppose the deal despite a revamped rights issue, they told Reuters.

At least 30% of Sunrise votes oppose rights issue for UPC deal -investors

03 Oct 2019

ZURICH, Oct 3 Sunrise Communications' planned 6.3 billion Swiss franc ($6.30 billion) takeover of cable operator UPC from Liberty Global is going down to the wire, with several investors set to oppose the deal despite a revamped rights issue, they told Reuters.

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