Day Interactive Secures Outside Investments

Swiss Internet-advertising company. Day Interactive Holding AG said
that two private-equity funds owned by UBS AG, Europe’s second-largest
bank, and Swiss Reinsurance Co., bought minority stakes in the company.


The Basel-based holding company said aventic AG, an equity company owned
by UBS, and Swiss Re Partnership Holding AG, a subsidiary of the Swiss
reinsurer, each bought stakes worth 5.25 million Swiss francs ($3.3
million) in Day, which makes software for publication of information on
the Internet.


Day had sales of 5.8 million francs in 1998, according to a Bloomberg News report.


It wants to
accelerate its expansion in Switzerland and abroad, particularly in
Germany, the U.K. and the U.S., the company said.

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