Stroeer surges after Bloomberg report of potential $4 bln billboard unit sale

Stroeer SE & Co KGaA

10/01/2025 15:42

** Stroeer  SAXG.DE  shares surge 17.4% after Bloomberg News
reported the German advertising group is mulling a potential
4-billion euro ($4.10 billion) sale of its billboard unit
    ** Company is working with advisers and has received
interest for its billboard unit from private equity firms
including Hellman & Friedman and KKR  KKR.N , the report said,
citing people familiar with the matter.
    ** The group's stock is on track for its best day since
November 2011, and tops Germany's midcap index  .MDAXI 
    ** Stroeer did not immediately respond to a Reuters request
for a comment


($1 = 0.9748 euros)

 (Reporting by Tristan Veyet; Editing by Amanda Cooper)
 ((Tristan.chabba@thomsonreuters.com))