Balda Medical Looks for Takeover Targets, Boersen-Zeitung Says

Balda AG (BAF) is looking for acquisitions at its medical unit and has hired an adviser to help it with the process, Boersen-Zeitung reported today, citing an interview with Chief Executive Officer Dominik Mueser.

The company’s Electronic Products division will probably report a profit in the fourth quarter of this year, Mueser said, according to the German newspaper. If the unit’s restructuring hasn’t succeeded by then, Balda doesn’t rule out divesting the business, Mueser is cited as saying.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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