FRANKFURT, July 28 (Reuters) – German drugs packaging firm
Gerresheimer has agreed to buy U.S. plastic vial maker
Centor for $725 million in cash, giving it a leading position in
the world’s biggest drugs market and lifting its shares to an
Centor has more than half the U.S. prescription retail
market, selling 1.5 billion vials a year including “Screw-Loc”
and “1-Clic” products to pharmacies which use them to package up
oral drugs exactly counted out for each individual prescription.
FRANKFURT (Reuters) – Shanghai Feilo Acoustics (600651.SS: Quote, Profile, Research, Stock Buzz) has made a non-binding offer to acquire the lamps business of Germany’s Osram (OSRn.DE: Quote, Profile, Research, Stock Buzz), the Chinese company said, lifting Osram shares on Tuesday.
Though Osram said it had not started an active sales process, it has hired UBS (UBSG.VX: Quote, Profile, Research, Stock Buzz) to help it to choose a preferred buyer and sources told Reuters last month that the company had been in talks with potential suitors including peers in China.
FRANKFURT (Reuters) – German cable company Tele Columbus has agreed to buy PrimaCom for 711 million euros ($777 million) in cash, combining the country’s third and fourth biggest operators as consolidation accelerates across Europe.
Germany has been slower to allow cable mergers than some other European countries which are down to one provider. It is one of the most important markets for both Vodafone and Liberty Global, who are exploring asset swaps.
MUNICH, Germany (Reuters) – Siemens (SIEGn.DE: Quote, Profile, Research, Stock Buzz) could still be interested in buying power-generation assets from French rival Alstom (ALSO.PA: Quote, Profile, Research, Stock Buzz) on the same terms it offered a year ago if General Electric’s (GE.N: Quote, Profile, Research, Stock Buzz) deal to buy them falls through, a senior management source said.
However, the Germany company sees the pace of change slowing down after a flurry of acquisitions, disposals and job cuts, the person added on Monday.
FRANKFURT/BERLIN, July 5 (Reuters) – Martin Herrenknecht,
founder of a company in southern Germany that is a world leader
in tunnel-boring equipment, has been carefully preparing for the
day when Iran reopens for business.
He recently visited Tehran, meeting officials in the energy
ministry and sewage department. Before Western sanctions hit,
Herrenknecht, which carries its 72-year-old founder’s name, did
10 million to 15 million euros ($11 million-$17 million) of
business a year in Iran.
FRANKFURT (Reuters) – German industry is beginning to call for Greece to quit the euro zone, having already pared back what business it had there, and now fearing that a continuation of the crisis could spoil a nascent recovery in the rest of Europe.
“A Greek exit from the euro zone can no longer be taboo,” said Matthias Wissmann, president of the powerful German automotive industry association VDA.
FRANKFURT, June 18 (Reuters) – German engineering services
firm Bilfinger plans to sell the power-plant unit
blamed for six profit warnings as a first step in what could be
a more drastic restructuring, its chief executive said two weeks
after taking over.
Germany’s policy switch towards renewable energy has caused
upheaval in its power market and hurt Bilfinger’s utility
clients, squeezing the company and exposing internal failings.
FRANKFURT/METZINGEN, Germany, June 17 (Reuters) – German
engineering services firm Bilfinger plans to put its
Power business up for sale, its new chief executive said on
Wednesday, cutting its losses after five group profit warnings
in the past year.
The loss-making unit, which accounts for about a fifth of
Bilfinger’s total output and employs 11,000 people, has failed
to keep pace with upheaval in Germany’s energy sector that has
hit some of its biggest clients, while forays abroad have had
FRANKFURT/MUNICH (Reuters) – Passenger car sales for the core BMW (BMWG.DE: Quote, Profile, Research, Stock Buzz) brand in China fell 5.5 percent in May, their first decline in over a decade in the world’s biggest car market.
Combined with sales of the Mini brand, which rose 17.8 percent, BMW’s China sales fell 4.2 percent, compared with a 0.6 percent increase in April.
BERLIN/STUTTGART, June 10 (Reuters) – Germany’s
HeidelbergCement said it would return more cash to
shareholders and be “disciplined” about acquisitions, having
chosen to stay out of a merger between rivals Holcim
and Lafarge that is reshaping the industry.
The company, which has met significant debt reduction and
other financial targets it set in 2009, said on Wednesday it
would focus on raising its dividend, expanding the company,
cutting debt further and possibly buying back shares.