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Swiss stocks - Factors to watch on May 12

05/12/2021 00:40
Swiss stocks - Factors to watch on May 12

- Here are some of the main factors that may affect Swiss stocks on Wednesday:


UBS UBSG.S

Toshiba Corp's board is set to appoint UBS as financial adviser to work on a strategic review for the Japanese conglomerate as it faces a possible private equity bidding war, people familiar with the matter said. nL1N2MZ02U


ZURICH INSURANCE ZURN.S

The Swiss-based insurer expressed "great confidence" in its business performance this year after a solid first quarter, it said on Wednesday. nFWN2MY1J6


ABB ABBN.S

Schaeffler AG SHA_p.DE and Timken Co. TKR.N are among suitors considering bids for the mechanical power transmission business being sold by ABB, people familiar with the matter told Bloomberg News. The business could fetch about $1.5 billion in a sale, they said. nL4N2MY4G3

MONTANA AEROSPACE

The Swiss-Austrian aerospace components supplier said its new share issue will raise about 440 million Swiss francs, with the company's expected market capitalization at about 1.2 billion Swiss francs as it begins trading in Switzerland. nZ8N2K902J


COMPANY STATEMENTS

* Metall Zug METN.S said it expects higher net sales and significantly stronger operating profit of more than 10 million Swiss francs ($11.04 million) for the first half of 2021. METN.S

* Aevis Victoria AEVS.S said first-quarter revenue rose slightly to 195.7 million francs AEVS.S

* Implenia IMPN.S said it closed its purchase of BAM Swiss IMPN.S

* Dufry DUFN.S said it won a new 12-year contract with Teesside International Airport in Britain DUFN.S

* Kuehne + Nagel KNIN.S completed its acquisition of Asian logistics company Apex KNIN.S



ANNUAL GENERAL MEETINGS

PARTNERS GROUP PGHN.S - 1.80 sfr/shr dividend proposed

ECONOMY

No major economic data scheduled.




($1 = 0.9056 Swiss francs)


(Reporting by Zurich newsroom and Berlin Speed Desk)

((+41 58 306 7336; [email protected]))

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