Swiss drug maker Novartis AG (NVS) plans to sell 13.5 billion Swiss francs stake in its Roche (ROG.S) and has already hired banks to support the selling process, Sonntagszeitung reported.
The Swiss paper said that Novartis plans to sell the stake in order book process, having banks collect purchase offers within a predefined price range from selected investors, weekly.
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.