December 29, 2016 / 6:22 AM / 9 months ago

Swiss stocks - Factors to watch on Dec 29

ZURICH, Dec 29 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2 percent lower at 8,237 points on Thursday, according to premarket indications by bank Julius Baer .

The following are some of the main factors expected to affect Swiss stocks on Thursday:

Gategroup

Swiss airline catering firm Gategroup Holding, which was recently bought by China’s HNA Group, said it was acquiring a 49.99 percent stake in Air France KLM’s catering business Servair for an enterprise value of 237.5 million euros ($248.38 million).

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CREDIT SUISSE

The U.S. Securities and Exchange Commission is investigating the sale of $850 million in bonds issued by Mozambique by Credit Suisse, Russia’s VTB Group and BNP Paribas, the Wall Street Journal reported on Wednesday.

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COMPANY STATEMENTS

* Basilea Pharmaceutica Ltd. said that, as of Jan. 1, Ursula Eberhardt will take the role of Head of Global Human Resources and join the Extended Management Committee.

* DKSH said that it has been appointed by Thai food supplement manufacturer Scotch Industrial Co. Ltd to exclusively market, sell and distribute the company’s products across Thailand.

ECONOMY

$1 = 0.9562 euros Reporting by Zurich newsroom

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