German stocks - Factors to watch on June 26
26/06/2017 06:05
BERLIN/FRANKFURT, June 26 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
ALLIANZ ALVG.DE
Allianz has agreed to sell its 90 percent stake in private
bank Oldenburgische Landesbank (OLB) OLBG.F to U.S. private
equity firm Apollo APO.N for 300 million euros ($336 million),
it said late on Friday. urn:newsml:reuters.com:*:nL8N1JK53W urn:newsml:reuters.com:*:nL8N1JM0M8
COMMERZBANK CBKG.DE
Commerzbank customers in Germany were unable to withdraw
cash from ATMs or use their EC cards for payments for much of
Saturday due to a maintenance operation that took longer than
expected. Commerzbank said all services were restored at 1600
local time and apologised to its customers via Facebook.
DAIMLER DAIGn.DE
An investigation into possible fraud linked to diesel
emissions is "far far advanced", Chief Executive Dieter Zetsche
told Deutschlandfunk in an interview broadcast on Sunday.
E.ON EONGn.DE , RWE RWEG.DE , UNIPER UN01.DE
The German government is due to sign the contract for the
financing of a nuclear waste fund with power utilities on
Monday, Frankfurter Allgemeine Zeitung reported on Saturday.
RWE's finance chief declined to comment in Boersen-Zeitung
at the weekend on whether RWE could be interested in buying
E.ON's stake in Uniper, or a stake in Steag, but said he was
pleased there was suddenly so much fantasy about the future of
the market. "We can afford to sit back and examine all options
in peace," he said.
LUFTHANSA LHAG.DE , AIR BERLIN AB1.DE
Lufthansa sees no limit to the number of planes and crews it
could lease from Air Berlin, its chief executive told German
newspaper Bild am Sonntag, amid criticism that support for its
ailing rival is a stealth takeover attempt. urn:newsml:reuters.com:*:nL8N1JL0JI
MUNICH RE MUVGn.DE
Global reinsurers have written to the European Commission to
ask it to ensure mutual access between British and European
Union reinsurance markets after Britain leaves the bloc due to
worries about market disruption, according to extracts from a
letter seen by Reuters. urn:newsml:reuters.com:*:nL8N1JK3DC
VOLKSWAGEN VOWG_p.DE
A lawyer for former Volkswagen manager Heinz-Jakob Neusser,
who is sought in the United States in connection with the
carmaker's diesel emissions-cheating scandal, has advised him
not to leave Germany, she told Bild Zeitung. In separate
comments to Welt am Sonntag, she added that she expected a
criminal process to be launched also in Germany, but not for
many months yet. urn:newsml:reuters.com:*:nL8N1JK4HE
Volkswagen's Slovak unit said on Sunday it had reached a
wage deal with a trade union to end a six-day strike that has
hit production at the country's biggest private employer.
urn:newsml:reuters.com:*:nL8N1JM0MC
Also, Audi's NSUG.DE management board, including Chief
Executive Rupert Stadler, has been sharply criticised by company
managers, Bild am Sonntag reported on Sunday, citing an internal
dossier. urn:newsml:reuters.com:*:nL8N1JL0JM
HANNOVER RE HNRGn.DE
Hannover Re will reach its profit targets despite expecting
low interest rates to prevail in the euro zone for the next five
to 10 years, as it expects to make returns of at least 2.7
percent on capital markets, its finance chief told Euro am
Sonntag.
STADA STAGn.DE
Buyout groups Bain Capital and Cinven had to wait over the
weekend to see whether their takeover bid for the German generic
drugmaker Stada has been successful, two sources familiar with
the situation said. urn:newsml:reuters.com:*:nL8N1JK3YG
SARTORIUS SATG.DE
Sartorius can raise over 1 billion euros for acquisitions
via debt, own shares and a capital hike at biotech subsidiary
Sartorius Stedim Biotech STDM.PA , CEO Joachim Kreuzburg told
Euro am Sonntag. urn:newsml:reuters.com:*:nL8N1JL0A0
SURTECO SURG.DE
Surteco agreed to buy Portuguese PVC edgebandings maker
Probos from private equity firm Alantra ALNTA.MC for 99
million euros in cash, it said on Saturday.
VAPIANO VAO.TG
Vapiano said on Sunday it would offer 3.7 million shares in
Tuesday's IPO, targeting gross proceeds of around 85 million
euros. urn:newsml:reuters.com:*:nASM000C6P
JOST JOXG.MU
The truck parts maker said it planned to float on the
Frankfurt stock exchange in the second half of 2017.
urn:newsml:reuters.com:*:nFWN1JM03L
OVERSEAS STOCK MARKETS
Dow Jones .DJI unchanged, S&P 500 .SPX +0.2 pct, Nasdaq
.IXIC +0.5 pct at close. .N
Nikkei .N225 +0.1 pct, Shanghai stocks .SSEC +0.8 pct.
Time: 5.05 GMT. .T .SS
GERMAN ECONOMIC DATA
German June Ifo index due at 0800 GMT. Business Climate seen
at 114.2 points vs 114.6.
ECONDE G7TODAY
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
REUTERS TOP NEWS TOP/NEWS
(Reporting by Victoria Bryan, Georgina Prodhan and Maria
Sheahan)
((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters
Messaging: maria.sheahan.thomsonreuters.com@reuters.net))
Keywords: GERMANY STOCKS/FACTORS