Galenica AG will make more acquisitions, focusing on “pharma outside of Switzerland,” Stocks reported, citing an interview with Chief Executive Officer Etienne Jornod.
EQUITIES: *BKW FMB Energie buys two Italian wind farms *Kaba Holding acquires e-Data for undisclosed price *Eos Holding buys eight wind farms in Germany *PubliGroupe sells 17% in Chinese Internet company Huashang Interactive Media
WHAT TO WATCH: *Phoenix Mecano holds annual general meeting at 3 p.m. in Stein am Rhein, Switzerland *KOF Swiss Leading Indicator for May
ECONOMY: *IMF says Swiss central bank should start raising borrowing costs
MARKETS: *The SMI climbed 0.1 percent to 6469.16 *The SPI rose 0.1 percent to 5947.06 *The Stoxx Europe 600 Index slipped 0.1 percent to 277.14 *The MSCI Asia-Pacific Index gained 0.8 percent to 134.41 at 7:10 a.m. Zurich time *Euro-franc traded at 1.2212 at 7:11 a.m. Zurich time