Swiss Market Index Recovers; Givaudan, Georg Fischer Shares Up

Swiss stocks recovered from the previous day's losses, with the Swiss Market Index up 0.41% on Tuesday's close, as investors digested a fresh batch of corporate releases and economic data prints. Georg Fischer (GF.SW) agreed to sell its aerospace and industrial gas turbine investment casting foundry to US-headquartered Consolidated Precision Products Corp. The divestment is anticipated to be completed toward the end of 2026, with expected cash proceeds of 220 million francs. The Swiss piping systems company's stock added 0.45% at closing. "With CPP, we have found a strong industrial owner for our successful aerospace and industrial gas turbine operations, creating a strong foundation for the future development of the business," Georg Fischer Chief Executive Officer Andreas Müller said in a statement. "Following this transaction, GF will have completed the divestment of all non-core operations on its path to becoming a global leader in Flow Solutions." Swiss flavors and fragrances group Givaudan (GIVN.SW) is bolstering its encapsulation capabilities with an equity investment in Swiss microencapsulation technology company Microcaps. At the end of the trading day, Givaudan's.