DE40: DAX continue to rise 📈Gerresheimer loses amid dropping takeover talks

Solid wall Street sentiment supports European markets, DAX continue to rise in Thursday session.

Final eurozone CPI data unchanged: 2% YoY and 0.3% MoM
Heidelberger dominates the German equity market, surging nearly 10% today and up 73% year-to-date
Shares of semiconductor firms Siltronic and Aixtron gain around 8% following TSMC's results
Gerresheimer shares drop nearly 4%; Nordex resists selling pressure despite negative wind sector headlines
The mood on the German stock market suggests continued upward momentum, with a renewed attempt to return to recent all-time highs.
Gerresheimer takes center stage after its management suspended takeover talks.

Source: xStation5

Gerresheimer drops takeover talks

Gerresheimer AG has officially announced the termination of discussions with private equity funds regarding a potential takeover. After analyzing the status of negotiations, the company’s management concluded that continuing talks was not in the best interest of the company or its stakeholders.

A strategic review of the company's Moulded Glass division will be accelerated over the coming months, with results to be presented no later than Capital Markets Day on October 15.
The company reaffirmed its commitment to pursuing growth projects, with a strong focus on systems and solutions for the biologics segment.
Gerresheimer also maintained its medium-term guidance of organic revenue growth between 6–9% and an organic adjusted EBITDA margin of 23–25%.

According to earlier reports, KPS ended discussions with Warburg Pincus regarding an offer for Gerresheimer. The absence of a formal bid may disappoint speculative investors who had positioned themselves for a takeover premium scenario.

Source: xStation5

Wind sector under pressure

The Dutch government plans to slash its offshore wind investment budget by as much as 40%, while a political party in the UK has threatened to cancel wind energy subsidies if it wins the next election. Shares of Vestas and Orsted dipped slightly, but Germany’s Nordex posted a 1% gain.

The ambitious Dutch target of 50 gigawatts of offshore wind capacity by 2040 is now deemed unrealistic, with the government planning to significantly scale back its ambitions. In the UK, a rising political force—after several local election wins—has sent letters to eight major energy companies, threatening to void renewable energy contracts in upcoming auctions.

Source: xStation5

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DE40: DAX continue to rise 📈Gerresheimer loses amid dropping takeover talks

Gerresheimer drops takeover talks

Wind sector under pressure

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