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OC Oerlikon Corporation AG Pfaeffikon (OERL.S)

OERL.S on Swiss Exchange

13.42CHF
19 Sep 2018
Change (% chg)

CHF-0.06 (-0.45%)
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CHF13.48
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Mon, Jul 9 2018

OC Oerlikon pulls IPO for low-profit drives unit

ZURICH Industrial group OC Oerlikon shelved a listing for its drives unit on Monday citing market volatility, adding to signs that the Swiss IPO market, which got off to a strong start this year, is cooling.

UPDATE 2-OC Oerlikon pulls IPO for low-profit drives unit

* OC Oerlikon blames market volatility (Adds context, analyst comment)

OC Oerlikon gear unit could be worth 620 mln Sfr after IPO

ZURICH, June 28 Swiss industrial group OC Oerlikon on Wednesday set a price range of 48 to 62 Swiss francs per share for its gearbox unit in a public offering (IPO) that would create a company worth up to 620 million francs ($621.7 million).

UPDATE 1-Oerlikon planning drive systems IPO to fund expansion

* Drive systems unit profitability lags that of surface solutions (Adds quote from CEO, analyst, details about trade row, oligarch)

OC Oerlikon prepares IPO for drives division: sources

ZURICH/FRANKFURT Swiss technology group OC Oerlikon is preparing to list its drive systems business by the middle of the year, aiming to raise cash for other parts of its business, people close to the matter told Reuters.

CORRECTED-OC Oerlikon prepares IPO for drives division - sources

ZURICH/FRANKFURT, May 4 Swiss technology group OC Oerlikon is preparing to list its drive systems business by the middle of the year, aiming to raise cash for other parts of its business, people close to the matter told Reuters.

OC Oerlikon says banks need explanations over U.S sanctions

ZURICH, May 2 Swiss technology group OC Oerlikon said some financial institutions still required explanations over the United States sanctions slapped on its largest shareholder, Russian oligarch Viktor Vekselberg.

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