Billionaires Xavier Niel and Naguib Sawiris are candidates to buy France Telecom SA’s mobile-phone unit in Switzerland, French daily Les Echos reported, without saying where it got the information.
Niel, the founder of Iliad SA, is acting in a personal capacity, according to the newspaper. He declined to comment, Les Echos said.
EQUITIES: *Swiss Re said it structured and placed 180 million euros of notes for Axa Global P&C covering European windstorms *Swisslog said it appointed Karl Puehringer as head of the Healthcare Solutions division *Newron said Merck KGaA returned global rights to the experimental safinamide drug to the company, citing “strategic considerations” *Barry Callebaut AG holds an investor day in Paris *BKW-FMB Energie AG plans to fire 55 workers
ECONOMY/POLITICS: *The Swiss People’s Party’s anti-immigrant policy may deliver it the most seats in the Oct. 23 parliamentary elections, cementing its position as the country’s most popular political group *SNB publishes monthly statistical bulletin at 9 a.m. *SNB publishes Switzerland Real Estate Single Family Homes index
MARKETS: *The benchmark SMI dropped 0.7 percent to 5,657.66 *The SPI lost 0.9 percent to 5,122.94 *The Stoxx Europe 600 Index fell 1.5 percent to 233.07 *The MSCI Asia-Pacific Index added 0.1 percent at 7:25 a.m. Zurich time *Euro-franc traded at 1.2260 at 7:25 a.m. Swiss time