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.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.