Sulzer AG (SUN.S)
22 Jun 2018
Mon, May 28 2018
* Vekselberg influence wanes at Sulzer, left with three allies
ZURICH, May 28 Swiss pumpmaker Sulzer said on Monday that Axel Heitmann, one of four representatives of Russian investor Viktor Vekselberg's investment company Renova on its board, had submitted his resignation.
VIENNA, April 19 Swiss pump maker Sulzer confirmed its 2018 outlook on Thursday, saying it expected a one-off hit of around 10 million Swiss francs ($10.3 million) from business disruption when its main Russian shareholder was slapped with U.S. sanctions.
* Says will maintain Sulzer in the MSCI Equity Indexes until further notice
ZURICH Switzerland's Sulzer has used a share buyback to free itself from U.S. sanctions, highlighting a potential escape route for other companies controlled by Russian oligarchs targeted in Washington's crackdown on President Vladimir Putin's inner circle.
* Sulzer freed from U.S. sanctions targeting Russian oligarchs
ZURICH, April 12 Swiss pumpmaker Sulzer is free of U.S. sanctions after authorities approved its buyback of shares that has reduced Russian oligarch Viktor Vekselberg's stake to less than 50 percent, it said on Thursday.
ZURICH, April 11 Big banks UBS and Credit Suisse halted trading shares in Swiss pumpmaker Sulzer, traders in Zurich said on Wednesday, amid uncertainty over U.S. sanctions on its largest shareholder, Russian billionaire Viktor Vekselberg.
ZURICH, April 11 Big banks UBS and Credit Suisse stopped trading shares in Swiss pumpmaker Sulzer, traders in Zurich said on Wednesday, amid uncertainty over U.S. sanctions on its largest shareholder, Russian billionaire Viktor Vekselberg.
MOSCOW, April 11 The MSCI Inc, a provider of research-based indexes and analytics, said it may delete Sulzer from its MSCI Equity Indexes after the Swiss engineer's largest shareholder, Renova Holdings, was included on the new U.S. sanctions list.
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