Alusuisse-Viag rumors boost the Swiss company

Article Abstract:

Rumors of an alliance between Alusuisse Lonza Group AG and German-based Viag AG led to a 4.1% rise in the former's stock on November 20, 1998. However, Viag shares fell six deutschemarks in value on the same date. Alusuisse Lonza acknowledged only that alliance discussions are being conducted with Viag. Analysts were pessimistic about a full-fledged merger between the two companies. According to reports in the Swiss media however, a full merger was believed to be probable.

Comment:

Rumors of alliance between Alusuisse Lonza and Viag lead to a 4.1% rise in the former's stock

Diversified Companies, Foreign operations, Germany, Telecommunications, Telephone Communication, Securities prices, Telecommunications services industry, Telecommunications industry, Viag AG, Alusuisse-Lonza Group AG

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ZCB is planning to increase focus on private clients

Article Abstract:

Zurich Cantonal Bank (ZCB) is planning to implement a major expansion in Switzerland's private banking industry. The bank is planning to increase its focus on its private clientele. ZCB posted an improvement of 21% in gross profits in the nine-month period ending in September 1999.

Commercial Banking, Private Deposit Money Banks, Banking industry, Private depositories, Zurich Cantonal Bank

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SGS' s restructuring puts Swiss company back on track

Article Abstract:

SGS Societe Generale de Surveillance Holding SA posted 316.5 million Swiss francs (199.4 million euros) in net profits for the 1999 year. The high figures came after the company's restructuring.

Other Support Activities for Road Transportation, Inspection & fixed facilities, Inspection & Weighting Svcs, Finance, Transportation industry, SGS Societe Generale de Surveillance Holding AG

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