Fuchs Petrolub, Jenoptik, Solarworld: German Equity Preview
The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.
The benchmark DAX Index (DAX) slid 1 percent to 5,193.97 yesterday.
Fuchs Petrolub AG (FPE) (FPE3 GY): The maker of lubricants will maintain plans to increase spending on production and distribution even as economies are cooling, Finanz und Wirtschaft reported, citing Chief Executive Officer Stefan Fuchs. The stock declined 1.8 percent to 29.80 euros.
Gagfah SA (GFJ) : Germany’s largest publicly traded property company is weighing delisting from the country’s MDAX index for medium-sized companies, Financial Times Deutschland reported, citing no one. The shares rose 6.1 percent to 4.08 euros.
Jenoptik AG (JEN) : The laser maker is in talks about possible acquisitions in North America, Frankfurter Allgemeine Zeitung reported, without naming the other companies. The company may spend a “triple-digit” million-euro amount on acquisitions which could help boost annual revenue to as much as 800 million euros ($1.1 billion) over the medium term from about 500 million euros, FAZ reported, citing Chief Executive Officer Michael Mertin. The stock rose 1.6 percent to 4.65 euros.
Roth & Rau AG (R8R) (R8R GY): MBT Systems GmbH plans to enter a control agreement with the German maker of solar-panel manufacturing equipment. MBT Systems holds over 75 percent of the share capital and voting rights following the completion of a voluntary takeover offer, Roth & Rau said in an e-mailed statement. The stock fell 5.5 percent to 20.61 euros.
Solarworld AG (SWV) : The biggest German maker of solar modules has rejected several approaches over takeovers and mergers as the suggested prices were too low, Chief Executive Officer Frank Asbeck said in an interview. The stock dropped 4.1 percent to 4.75 euros.
To contact the reporters on this story: Andreas Cremer in Berlin at email@example.com
To contact the editors responsible for this story: Chad Thomas at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.