Börse Express – dpa-AFX overview: COMPANIES from 07.09.2021

ROUNDUP 2 / The way to the majority at T-Mobile US: Deal advances Telekom

BONN – Deutsche Telekom is getting closer to its goal with its lucrative cell phone subsidiary T-Mobile US to take over the majority of the shares. Telekom boss Tim Höttges announced on Tuesday in Bonn a transaction worth a total of six billion euros, which increases the share in the US subsidiary by around 5.3 percentage points to 48.4 percent. The group finances part of the costs with the sale of its business in the Netherlands.

ROUNDUP: Fight for Zooplus – With KKR another interested party appears

MUNICH / NEW YORK – To Zooplus there could be an exciting bidding competition: With KKR Another potential customer appeared on Tuesday. Zooplus confirmed a related report by the Bloomberg news agency, which had previously referred to people familiar with the matter. However, like the competitor EQT, no official offer has yet been received. Discussions are ongoing – the outcome is uncertain. The Zooplus share rose again to a record after the speculation, but could not quite hold the level. Most recently, at 436 euros, it was significantly higher than the only previous bid from Hellman & Friedman.

IAA / ROUNDUP: CEOs call for support with climate protection

MUNICH – At the International Motor Show IAA Mobility on Tuesday, corporate bosses demanded more political support for the change to climate-neutral transport. Volkswagen
CEO Herbert Diess said in Munich that there would be no CO2-free mobility without enough green electricity. The switch must go faster: “A lot more can be done against climate change.”

ROUNDUP: Salzgitter again increases profit forecast – share increases

SALZGITTER – The Salzgitter steel group has again raised its expectations for the current year thanks to good price and demand development. For 2021, a profit before taxes of between 600 and 700 million euros is expected, said the SDax listed companies on Tuesday in Salzgitter. Most recently, the group had assumed from 400 to 600 million euros. The company’s share rose significantly after the announcement and is targeting the previous year’s high.

ROUNDUP / Lufthansa: clarify state aid repayment with the Merkel government

FRANKFURT – Lufthansa boss Carsten Spohr wants to initiate repayment of the German state aid with the current federal government. “We would like to clarify the situation with the current contacts,” said the head of Germany’s largest airline group on Monday evening at the International Club of Frankfurt Business Journalists (ICFW). He left it open whether this would happen before the general election. However, after the election on September 26, it will be some time before a new federal government is in place. That is how long the government of Chancellor Angela Merkel (CDU) remains in office.

IPO / ROUNDUP2: Language learning provider Babbel aims to go public this year

BERLIN – The e-learning platform Babbel is planning to be listed in the Prime Standard of the Frankfurt Stock Exchange. The IPO should take place this year, the company announced on Tuesday in Berlin. The offer “presumably” includes new shares from a capital increase with a targeted gross issue proceeds of around 180 million euros. In addition, an over-allotment option will be provided by “certain selling shareholders”.

ROUNDUP / Despite moving trains: No movement in the rail tariff conflict

BERLIN – After more than five days of strike by the train drivers’ union GDL, train traffic at Deutsche Bahn is almost completely restored, according to Deutsche Bahn. “In long-distance traffic, with a few exceptions, all trains are running according to schedule,” the company announced on Tuesday afternoon. The S-Bahn in the regions of Berlin, Hamburg, Munich, Stuttgart and Frankfurt have been running without restrictions since the morning. Regional traffic in densely populated areas such as North Rhine-Westphalia, Bavaria, Hesse and Baden-Württemberg is also fully available again.

Munich Re wants to further expand cyber insurance despite high losses

MUNICH – The reinsurer Munich Re wants to push ahead with its cyber insurance business despite increasing damage from so-called ransomware attacks. The Dax group
wants to continue to grow profitably in the insurance against breakdowns and attacks around computer systems, he announced on Tuesday in Munich. So far, Munich Re has had a global market share of around ten percent in premium income in this area.

Works council salaries too high? – VW HR managers fight back

BRAUNSCHWEIG – The accused Volkswagen -Managers have sharply rejected the accusations of the public prosecutor’s office in the unfaithfulness process for allegedly excessive works council remuneration. “I did not start from the assumption that I could unlawfully favor Mr. Osterloh and others,” said ex-corporate HR manager Karlheinz Blessing at the first hearing on Tuesday before the Braunschweig regional court. The former head of VW for many years – Workers’ representative, Bernd Osterloh, and four other senior works council members are believed to have received excessive compensation and bonuses between 2011 and 2016 – allegedly unlawful, but deliberately approved by the company’s management.

Dekabank also posted growth in fund sales in the third quarter

FRANKFURT – After a jump in profit in the first half of the year, Dekabank continues to do good business. In terms of sales of funds and certificates, the positive trend continued in the third quarter, said CEO Georg Stocker, according to the speech on Monday evening in Frankfurt. “Despite the summer vacation, we signed around 120,000 new securities savings plans in July and August, that is over 720,000 net in the first eight months.” The savings banks’ securities house now manages more than 6.5 million savings plans.

Additional Reports

-Danish bed dorm will be called Jysk like the Danish mother

-Low domestic flights: German air traffic is recovering more slowly

-IAA: Opponents of the auto show abseil off highway bridges

-ROUNDUP: Uniform logo to make animal welfare products more attractive in the EU

-IAA: Federal Office calls for ‘crash test’ for cyber security in cars

– Pharmaceutical company Dermapharm nearly doubles profits

-IPO / ROUNDUP: Bertelsmann plans to go public for the Majorel service business

-US streaming giant Roku comes onto the German market °

Customer note:

ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

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AXC0257 2021-09-07/15:35

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