Gerresheimer jumps in early Frankfurt trade after units sale
29/07/2026 07:17
BUZZ-Gerresheimer jumps in early Frankfurt trade after units sale ** Gerresheimer GXIG.DE is up 11% in early Frankfurt trade after it agreed on Wednesday to sell two packaging units, including U.S. subsidiary Centor, to private equity group Apax
** The German medical packaging firm expects to close Centor's sale by the end of 2026, global Primary Packaging Plastics business in H1 2027
** "Strong catalyst as balance sheet fears and refinancing concerns will recede. GXI had been under heavy pressure on this," a local trader says
** It is a "positive surprise" that not only Centor, whose sale had long been expected, but also the global PPP business is being sold, the trader adds
** As of Tuesday close, the stock has fallen 41% in the last twelve months
(Reporting by Emanuele Berro)