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Switzerland: Exercise of over-allotment brings Galderma listing to CHF2.3bn

Switzerland: Exercise of over-allotment brings Galderma listing to CHF2.3bn

Galderma, the pure-play dermatology business that recently listed on the SIX Swiss exchange, has taken total size of the transaction to around CHF2.3bn (US$2.54bn) with the full exercise of the 15% over-allotment option. Some additional 5,626,592 shares were sold to the global coordinators by sellers EQT, ADIA and Auba Investment at...

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Why the Swiss central bank made a surprise cut to its key interest

Why the Swiss central bank made a surprise cut to its key interest

The Swiss National Bank (SNB) said on Thursday it is trimming its key interest rate, a surprise move that makes Switzerland the first major financial centre to announce a cut in recent months. ADVERTISEMENT Thomas Jordan, the outgoing SNB chairman, credited the central bank’s push to rein in inflation in the wealthy Alpine country. The...

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Switzerland, UAE, China lead double digit imports growth in February

Switzerland, UAE, China lead double digit imports growth in February

1 min read Last Updated : Mar 21 2024 | 12:09 AM IST A jump in imports from Switzerland, the United Arab Emirates (UAE) and China led to a double-digit increase in India’s imports in February, propelling them to a 17-month high. After growth in merchandise imports remained in negative territory for most of 2023,...

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Numerous Swiss companies keen on investing in India: Helene Budliger

Numerous Swiss companies keen on investing in India: Helene Budliger

A number of companies from Switzerland including chocolate maker Barry Callebaut Group, and technology group Buhler are interested in investing in India, Swiss State Secretary for Economic Affairs Helene Budliger has said. Budliger said HESS Green Mobility intends to manufacture around 3,000 electric buses in India by 2025, equating to an investment of USD 110...

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Switzerland calls up Sierro, Kutesa for first time for Euro 2024 warmup games

Switzerland calls up Sierro, Kutesa for first time for Euro 2024 warmup games

Switzerland rewarded midfielder Vincent Sierro and winger Dereck Kutesa for standout seasons with their first squad calls on Thursday. The Swiss have European Championship warmup games at Denmark and Ireland this month. Sierro is having a career year at age 28 captaining Toulouse in the French league, and the 26-year-old Kutesa has starred for Servette,...

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Visit one of the most expensive countries in Europe for less

Visit one of the most expensive countries in Europe for less

The alpine nation is infamously expensive and attracts the mega rich year-round – but there are ways to make a trip there affordable. ADVERTISEMENT With stunning scenery, restorative fresh air, unique nature and hearty cuisine, it’s no surprise that Switzerland is one of the most popular destinations in all of Europe. It also consistently tops...

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Mixed Groupe Partouche results in France, Switzerland

Mixed Groupe Partouche results in France, Switzerland

Groupe Partouche reported mixed results in Q1 2024, headlined by a 0.7 per cent increase in gross gaming revenue to €173.2m. Up from €171.9m a year ago, the GGR in France remains stable at €153.8m. However, Groupe Partouche admitted contrasting performances across its business units. Slot machine revenue rose by 1.4 per cent to €121.2m...

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‘Catastrophic’ fate of missing skiers

‘Catastrophic’ fate of missing skiers

Five of six cross-country skiers who went missing in the Swiss Alps over the weekend have been found dead, police confirmed Monday, with the search still on for the last person. The group of skiers, aged 21 to 58 and including five members of the same family, left the luxury ski resort town of Zermatt...