ZURICH, June 11 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Monday.
SIKA SIK.S The Swiss chemicals group Sika could spend up to $1 billion on acquisitions in a year to speed up its growth over the next five years, its chairman Paul Haelg told Reuters.
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BARRY CALLEBAUT BARN.S The Swiss chocolate maker's Chief Executive Antoine de Saint-Affrique is optimistic about the future growth in the industry and recent cocoa bean harvests, he told Swiss newspaper Finanz und Wirtschaft in an interview.
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EFG INTERNATIONAL EFGN.S The Swiss private bank EFG International said it has more than halved the size of its executive committee to six members from 13 previously.
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COMPANY STATEMENTS
- Richemont CFR.S said at the end of the sell out period it had acquired more than 98.4 percent of the shares in Yoox-Net-A-Porter.
- EFG International EFGN.S is focussed on organic growth, CEO Giorgio Pradelli told Swiss newspaper Finanz und Wirtschaft, although it could make small acquisitions in the mid-term.
- Roche ROG.S said it had received FDA approval for its Venclexta plus Rituxan treatment for blood cancer.
- Lalique Group LLQ.BN said it plans to list its shares on the SIX Swiss Exchange on June 25 and delist from the Bern exchange.
- Idorsia IDIA.S said it has initiated a phase 3 registration program with Nemorexant for treatment of insomnia.
- SGS SGSN.S said it has bought Advanced Metrology Solutions in Spain for an undisclosed sum. The company employs 25 staff and had 2017 revenues of EUR 3 million ($3.54 million).
ECONOMY The Swiss National Bank is due to publish data on sight deposits at 0900 GMT. SWISS FRANC
The Swiss franc weakened nearly 0.3 percent to 1.162 against the euro in early trading after voters in Switzerland rejected plan to transform the country's financial landscape by barring commercial banks from electronically creating money when they lend.
SOVEREIGN MONEY
A radical plan to transform Switzerland's financial landscape by barring commercial banks from electronically creating money when they lend was resoundingly rejected by Swiss voters on Sunday.
($1 = 0.8476 euros)
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