| Zurich Market Talk - 13-01-2012 |
| 13.01.12 07:18 | |
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Sulzer: Acquisition of Pump Company Hidrotecar S.A. Completed. Strengthening activities in water markets. The announced acquisition of the privately owned pump company Hidrotecar S.A. in Burgos, Spain, was completed on January 10, 2012. The acquired company achieved sales of EUR 13 million (approximately CHF 16 million) in 2010; it employs about 50 people. Link: Click Here Dufry acquires a leading travel retail company in Russia. Dufry further expands its presence in Russia by acquiring 51% of a local travel retail operator at Sheremetyevo Airport in Moscow. The acquired business generates a turnover of more than USD 50 million. Link: Click Here Cicor establishes US-based sales company. Headquartered in Boudry, Switzerland, Cicor (SIX Swiss Exchange: CICN), a leading high-technology industrial group internationally active in the printed circuit boards, microelectronics and electronic solutions, is launching a wholly owned sales company in the USA. Link: Click Here Schaffner: The 16th Annual General Meeting of Schaffner Holding AG on January 12, 2012 approved the proposals of the Board of Directors. Dr. Herbert Bächler and Dr. Markus Zenhäusern were re-elected for a further three-year term. Dr. Suzanne Thoma and Georg Wechsler were elected as new members for a two-year term. Link: Click Here Economy ******** Global auto registration and production slightly declined in December; in 2011, the autos sector expanded moderately. Our series of "global 25" auto registrations declined slightly in December, from 58.1mn to 57.7mn, following an increase of 2.0% m/m in November. The series added 4.0% q/q in Q4, slightly below the 5.3% q/q increase in Q3. Link: Click Here Canton of Schwyz: Successful Thanks to Consistent Location Strategy. As a leader in the Swiss location and tax competition, the canton of Schwyz is one of the most attractive locations for business in Switzerland. The canton's commercial success is based on its favorable conditions. Link: Click Here ECB: Ongoing Financial Market tensions continue to dampen Economic Activity in the euro area. Based on its regular economic and monetary analyses, the Governing Council decided today to keep the key ECB interest rates unchanged, following the 25 basis point decreases on 3 November and 8 December 2011. The information that has become available since early December broadly confirms our previous assessment. Inflation is likely to stay above 2% for several months to come, before declining to below 2%. Link: Click Here |
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