Adtran successful with lower acceptance threshold in Adva takeover
MUNICH – The US group ADTRAN has secured success with the recently lowered acceptance threshold for the takeover bid for the telecom equipment supplier Adva Optical (ADVA SE). By the end of the acceptance period on January 26, the offer had been accepted by more than 60 percent of the shares, Adva announced late on Friday evening. The final result at the end of the acceptance period is expected to be published on January 31, 2022.
Circles: Cevian joined Vodafone
NEW YORK – According to circles, Vodafone (Vodafone Group) is threatened with hardship. The activist investor Cevian has entered the British telecoms group, the Bloomberg news agency reported on Friday, citing people familiar with the matter. The Swedes had held talks with Vodafone representatives in recent months. Cevian’s goal is to get the group to improve performance.
‘HB’/Because of ongoing operational problems: Siemens Gamesa boss under pressure
DSSELDORF – After Siemens Gamesa (Siemens Gamesa Renewable Energy SA) lowered its business outlook again, CEO Andreas Nauen’s chair could wobble, according to a press report. The wind power subsidiary of the energy technology group Siemens Energy recently had to lower its outlook due to supply chain problems, skyrocketing costs, project delays and defects with its new land turbine. These were the same problems that caused the Spanish wind turbine manufacturer to significantly reduce its targets last summer. This has now caused lasting irritation in Munich, writes the “Handelsblatt” (Monday), citing business circles. The bad news would have consequences. However, no official decision has yet been made about the future of the manager, who only took over the helm at the Spaniards a year and a half later.
Automation and technology group: Heidelberger Druck continues to change
FRANKFURT – The management of Heidelberger Druck (Heidelberger Druckmaschinen) wants to press ahead with the restructuring of the SDAX group. “We want to gradually transform Heidelberg into an automation and technology company that still builds the best printing presses,” CEO Rainer Hundsdrfer told the “Frankfurter Allgemeine Zeitung” (Monday). The small but fast-growing business with wall boxes should form a kind of blueprint for this. These are chargers for e-cars on the wall at home.
Car rental company Sixt complains about bottlenecks in new cars – prices are likely to continue to rise
DSSELDORF – Germany’s largest car rental company Sixt (Sixt SE St) continues to get fewer new cars than it actually needs. “If we had more cars, we could do significantly more business,” CEO Alexander Sixt told the “Handelsblatt” (Monday). “For all market segments, we are assuming the same or increasing market volume in 2022, but with significantly fewer vehicles and with prices tending to rise as a result.”
Ita Airways sees no future without Allianz
ROME – The managing director of the Italian airline Ita Airways sees important development opportunities in a possible alliance with the German Lufthansa. “Ita would have no future if she stayed alone,” Fabio Lazzerini told the newspaper “La Repubblica” (Sunday). “It has to be positioned in a strategic alliance with a top company, and Lufthansa is the first in Europe in terms of fleet,” said the company boss.
OVERALL ROUNUP: Storm ‘Nadia’ causes severe damage in northern Germany
HAMBURG (dpa-AFX) – Storm “Nadia” swept across northern Germany with dangerous Ben and caused several serious accidents. In Beelitz, Brandenburg, a pedestrian died because an election poster was blown over and fell on him. In Bremen, a person suffered serious injuries in a park when a tree fell on him and in Mecklenburg-Western Pomerania, a 16-year-old had an accident – he drove his motorcycle into a fallen tree and was seriously injured. The situation only eased over the course of Sunday – but now the focus is on the south.
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Additional Reports
-Netzagentur: Approval of Nord Stream 2 probably not until June
-ROUNDUP/Bahnchef Lutz: the number of passengers will increase significantly
-PCR labs facing difficult investment decisions
-BUND wants to stop forest clearing to expand K+S-Halde
-BUND calls for less fertilizer use in agriculture
-Call for clarity on mandatory vaccinations for clinics and nursing homes
-Rail: Traffic still affected in the north and north-east
-Verdi calls for industrial action at Postbank
-Storm damage also in Poland and the Czech Republic
-ROUNDUP: RB Leipzig is the start – urgent proceedings against corona restrictions
-Roche subsidiary Genentech: FDA approves faricimab ophthalmic drug
-Snowfall in Northeast USA causes thousands of flight cancellations
Customer note:
ROUNDUP: You are reading a summary in the company overview. There are several reports on the dpa-AFX news service on this subject.
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