Switzerland
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Zur Rose, the Swiss online pharmacy that went public last year, plans to raise Sfr200m via a rights issue to fund its takeover of the e-commerce operations of Medpex, a competitor in Germany. -
The first two major IPOs of the autumn, Funding Circle and SIG Combibloc, have both stayed above water in trading.
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SIG Combibloc, the Swiss food and beverage packaging company, has closed the books on its return to the Swiss stock exchange after more than a decade of being a private company.
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Revised price ranges have been set on the flotations of Funding Circle and SIG Combibloc as investors continue to support the crop of new European listings coming to market.
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Sulzer, the Swiss maker of industrial machinery, has made a Sfr15m ($15.5m) profit on a block of shares it acquired in April from its former majority owner, Renova Group, to escape economic sanctions imposed on Russian companies and individuals by the US Treasury’s OFAC.
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Sulzer, the Swiss maker of industrial machinery, is in the blocks market tonight with a Sfr608m sale of its own treasury shares that it acquired from its former majority shareholder, the sanctioned Russian conglomerate Renova, in April.
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SIG Combibloc, the Swiss food and beverage packaging company, began IPO bookbuilding this week in a deal that will return it to the Swiss SIX exchange, more than 10 years after it was taken private.
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Swiss flavours and fragrance manufacturer Givaudan is a regular user of the Swiss franc corporate bond market, but sold its first euro deal this week to help refinance the funding of its €1.25bn acquisition of French natural ingredients supplier Naturex.
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Credit Suisse was able to rack up more than $8bn of demand for its additional tier one deal on Wednesday in the face of jittery equity markets, as Rabobank had done the day before.
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Swiss healthcare company Roche took advantage of upcoming redemptions and a new investor base following its rating upgrade by Moody’s, to raise CHF900m ($922m) from a dual tranche offering.
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SIG Combibloc, the Swiss food and beverage packaging company, is to relist on the Swiss stock exchange after more than a decade of being a private company.
