Cluster: Archive

Switzerland’s Alternative Bank celebrates 10th birthday

This content was published on Mar 30, 2001 Formed in 1991 by a group of like-minded people, the ABS then attracted the financial support of such organisations as the World Wide Fund for Nature (Switzerland) and other socially responsible groups. The deputy chief executive of the ABS, Claudia Nielson, told swissinfo that business had grown tremendously in the past two or three years,…

Swisscom sells off further real estate

This content was published on Mar 30, 2001 The former monopoly, which is still 65 per cent owned by the Swiss government, has sold 162 buildings to PSP Real Estate Group for SFr1.28 billion ($740 million). Earlier this month it sold 28 buildings to a consortium led by Credit Suisse Asset Management in a deal worth SFr1.27 billion. Swisscom says it will make…

Opportunity knocks for Swiss business in Asia

This content was published on Mar 30, 2001 One organisation which has been trying to counteract this imbalance is the Swiss Export Association, which was started as an industry-funded concern in 1973. Christoph Häner, a member of Swiss Export’s executive board, told swissinfo: “We’re trying to assist small and medium-sized Swiss companies who are planning to export but lack the expert knowledge within…

Sulzer changes top the week’s headlines

This content was published on Mar 30, 2001 His resignation comes at a time when Sulzer is trying to ward off a hostile takeover bid from InCentive Capital, owned by the financier, Réné Braginsky. Roost said he was strongly identified with the failed merger last year between Sulzer and Sulzer Medica, and that InCentive Capital could use him as a weapon in its…

New strategy for SAirGroup to be unveiled

This content was published on Mar 30, 2001 The markets were nervous about the results on Friday, losing ground heavily. With final results expected from the company on Monday, analysts are estimating SAirGroup will announce a loss for 2000 of between SFr2.2 and SFr2.7 billion ($1.28-1.57 billion). The results will be presented by the new SAirGroup chairman and chief executive Mario Corti, former…

4M drops into the red

This content was published on Mar 30, 2001 The technology group, based in Yverdon, revealed a net loss for last year of SFr72.5 million ($41.98 million), after suffering a charge of SFr39.5 million for stock write-downs and restructuring. The 13-year-old company first forecast it would make a loss after feeling the effects of a downturn in the compact disc and computer disc market.…

Sulzer rejects InCentive bid

This content was published on Mar 30, 2001 The bid from InCentive, which says it controls around 15 per cent of Sulzer, calls for Sulzer shareholders to get two shares in medical technology unit Sulzer Medica plus SFr410 in cash or 0.9 InCentive shares per Sulzer share. InCentive, which formally launched the bid on Friday, is also proposing that former ABB vice-chairman Eberhard…

Swiss Development and Co-operation Office recovers funds

This content was published on Mar 29, 2001 The financial institution ceased the distribution of funds in February 1999, after going bankrupt. It was one of six banks through which the Swiss aid funds transited. Switzerland’s Development and Cooperation Office (SDC) said on Thursday the bank’s move increased the chances of recovering the whole amount. The money was to finance reconstruction, humanitarian aid…

Bio Suisse plans huge rise in organic meat production

This content was published on Mar 29, 2001 At a press conference in Bern on Tuesday, Bio Suisse said the sale of organic meat was lagging far behind that of other organic products and that it wished to corner ten per cent of market share by 2005. The current level is two per cent. Christof Dietler, the director of Bio Suisse, said the…

Swiss seek reassurance that Russian reform is on course

This content was published on Mar 29, 2001 Trade deals between Switzerland and Russia have risen markedly over the past year, but Swiss companies are still far less likely than their overseas competitors to invest directly in Russia. The risk of not being paid is the most decisive factor in keeping Swiss business away, says Leo Ribeli of the Swiss State Secretariat for…

Cluster: Archive

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Switzerland’s Alternative Bank celebrates 10th birthday

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Swisscom sells off further real estate

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Opportunity knocks for Swiss business in Asia

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Sulzer changes top the week’s headlines

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New strategy for SAirGroup to be unveiled

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4M drops into the red

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Sulzer rejects InCentive bid

More

Swiss Development and Co-operation Office recovers funds

More

Bio Suisse plans huge rise in organic meat production

More

Swiss seek reassurance that Russian reform is on course

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