Basler sells its own shares again
AHRENSBURG – The image processing specialist Basler has again strengthened its financial power with the sale of its own shares. On Friday, 500,000 shares were sold for EUR 19.25 each, the SDAX-listed company announced at the weekend in Ahrensburg. All in all, Basler takes in almost ten million euros gross. The company last sold its own shares in mid-May, at a price of EUR 20.40 each at the time.
VW truck subsidiary Traton: Euro 7 emissions standard will cost us one billion euros
BERLIN/MUNICH – The VW truck holding company Traton (Volkswagen (VW) vz) expects additional costs in the billions for the planned Euro 7 emissions standard. “In the event that the law comes as it is now planned, we will be burdened with enormous costs of roughly one billion euros in the group for investing in an expiring technology, although we are facing a huge transformation,” said the boss of the Traton brand MAN, Alexander Vlaskamp, in an interview with “Welt am Sonntag” (“WamS”). “The proposed rules for cleaning are so strictly defined that we actually need more fuel and the nitrogen oxides are still only marginally reduced,” said the manager. Instead of the new emission standard, Vlaskamp called for subsidies for the purchase of new trucks with the Euro 6 standard to replace older vehicles.
Rheinmetall boss: valuation of 17 billion euros realistic
BERLIN – In view of the increased demand, the boss of the armaments group Rheinmetall assumes that the value of the company will increase significantly in the coming years. “A valuation of 17 billion euros is realistic for Rheinmetall in the medium term,” Armin Papperger told the editorial network Germany (Saturday). At the moment, Rheinmetall is valued at a good 10 billion euros on the stock exchange.
Italian telecom group Tim gets new offers for fixed network division
ROME – Italian telecoms group Tim (Telecom Italia (TIM (ex Telecom Italia))) has secured two fresh deals for its network division. Both a consortium of the Italian state development bank CDP (Cassa Depositi e Prestiti) and the Australian investment bank Macquarie, as well as the US financial investor KKR (Kohlberg Kravis Roberts) had submitted bids, the company said on Friday evening in Rome. The company has been looking for a buyer for some time. According to information from the Bloomberg news agency, the group had rejected previous bids as too low. They are said to have been between 19 and 21 billion euros. Major shareholder and media group Vivendi values the division up for sale at around 30 billion euros. In view of rising interest rates, Tim wants to reduce his high mountain of debt.
Waste disposal giant Remondis is growing strongly
LÜNEN – Whether it’s plastic, glass or scrap metal: Germany’s largest recycling company, Remondis, has grown significantly due to higher raw material prices. Sales were 12.6 billion euros last year and thus around ten percent higher than in 2021, Remondis said in response to a dpa request in Lünen near Dortmund. That was even more than a doubling within six years. One reason for the increase in sales in 2022 is higher prices. These, in turn, were possible because the non-recycled alternatives were quite expensive. The family business does not publish the profit. The number of employees rose by around 1,000 to 41,000 last year.
Minister of Finance against higher subsidies for Intel plant in Magdeburg
LONDON – Finance Minister Christian Lindner rejects more aid from the federal budget for Intel’s new chip plant in Magdeburg. “There is no more money in the budget,” the FDP politician told the Financial Times, according to a Sunday report. One tries to consolidate the federal budget and not let it continue to grow.
Court bans warning strikes in confectionery industry in nine regions
HAMBURG – The Hamburg Labor Court has banned strikes announced in the confectionery industry in nine tariff regions. The court announced on Saturday that an application by the Federal Association of the German Confectionery Industry (BDSI) to issue an injunction had been granted. In the affected regions, the collectively agreed notice periods have not yet expired. The affected regions include all of eastern Germany except the western part of Berlin, as well as Baden-Württemberg and Rhineland-Palatinate/Saarland, according to the President of the Labor Court, Esko Horn.
Media: BVB interested in Felix Nmecha from Wolfsburg
DÜSSELDORF – According to media reports, Bundesliga club Borussia Dortmund (BVB (Borussia Dortmund)) is interested in signing midfielder Felix Nmecha from VfL Wolfsburg. Borussia announced last week that midfield star Jude Bellingham is moving to Real Madrid for a transfer fee of at least 103 million euros. A large part of the transfer fee is said to be reinvested in the team to absorb the loss of the England international. According to the “Ruhr Nachrichten”, the “Wolfsburger Allgemeine” and the “Bild”, Nmecha should be one of the candidates for the German runner-up.
Steag boss: New gas power plants possible at all power plant locations
ESSEN – The energy company Steag considers the construction of flexibly controllable gas power plants to be possible at all of its six power plant locations. “We can build such power plants,” said the CEO, Andreas Reichel, of the German Press Agency. In principle, all six locations in the Ruhr area and in Saarland could be considered. Such power plant projects can be implemented quickly at two or three locations. As examples, Reichel cited the coal-fired power plant in Duisburg-Walsum, the Bergkamen site on the eastern edge of the Ruhr area or the Saarland site in Quierschied, which already has approval for a gas pipeline.
TV ratings: Five and a half million people watch the CL final
BERLIN – Football dominated Saturday night TV. From 9 p.m. on ZDF, 5.56 million viewers tuned in to the Champions League final between Manchester City and Inter Milan (1-0). That brought the second a market share of 26.1 percent and the quota victory. The preliminary reports from 8:25 p.m. saw 3.36 million (17.4 percent). However, the number of viewers was significantly lower than in the previous year: in the 2022 final between Real Madrid and FC Liverpool (1-0), 8.39 million (34.5 percent) were there on ZDF.
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Additional Reports
– Cities still hesitant after verdict on packaging tax
-Chip manufacturer Nexperia disappointed about the end of the EU subsidy program
-Air Baltic boss believes climate-neutral flying is possible by 2050
-Bayern President Hainer ‘disappointed’ about the end for DFL investors
-Lauterbach rejects pharmacist’s claim: no higher fees
-Netherlands install free sunscreen dispensers
Expert expects another warning strike on the railways
-Examiner: More influence for the board of directors in RBB director elections
Minister of Transport: 49-euro ticket should also be valid in France
-ROUNDUP 2: Coalition negotiates heating law – Scholz defends plans
-Lorraine advertises with Saarbrücken for new ICE from Berlin to Paris
-Change of ownership at Leeds United°
Customer Note:
ROUNDUP: You read a summary in the company overview. There are several reports on the dpa-AFX news service on this subject.
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