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Palfinger AG (PALF.VI)

PALF.VI on Vienna Stock Exchange

2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Palfinger Marine decides not to complete acquisition of TTS Group
Monday, 15 Aug 2016 02:24am EDT 

TTS Group ASA : Palfinger Marine Gmbh has decided not to complete the acquisition of TTS Group ASA . Says will now fully concentrate energy on execute executing stand-alone strategy .Short term focus will be on operational efficiency, says Toril Eidesvik, CEO.  Full Article

Palfinger Marine will not complete voluntary offer for shares in TTS Group
Monday, 15 Aug 2016 01:38am EDT 

TTS Group ASA : Said on Sunday, Palfinger Marine GmbH had not received acceptances for more than 90 percent of shares in TTS on a fully diluted basis .As a result, Palfinger will not complete voluntary offer for outstanding shares in TTS Group.  Full Article

Palfinger AG says minimum acceptance level for TTS takeover not reached
Friday, 12 Aug 2016 01:35pm EDT 

Palfinger AG : Says minimum threshold for takeover bid norwegian TTS group Asa not reached . Says will not take over TTS on basis of placed takeover bid from July 18th 2016 .Says did not receive required acceptances of more than 90%.  Full Article

Palfinger H1 revenue up at 665.6 mln euros
Wednesday, 27 Jul 2016 01:28am EDT 

Palfinger AG : H1 revenue grew by 9.8 per cent to 665.6 million euros ($731.83 million) . H1 EBIT of Palfinger group showed an extraordinarily strong increase of 21.4 per cent from 53.5 million euros to 64.9 million euros . Consolidated net result for first half of 2016 was 39.7 million euros, 15.2 per cent higher than previous year's figure of 34.5 million euros . Still sees potential to increase annual revenue generated by group, including joint venture companies in China and russia, to approx. 1.8 billion euros by 2017 .For 2016 management expects organic revenue growth, and an increase in earnings when adjusted for integration and reorganization expenses.  Full Article

Palfinger closes acquisition of Norwegian Harding Group
Thursday, 30 Jun 2016 08:00am EDT 

Palfinger AG : Closes Norwegian Harding Group acquisition . Full consolidation into Palfinger as of 2nd quarter of 2016 .As a result of takeover, Palfinger's marine business will almost double its business volume and generate revenue of over 300 million euros ($332.79 million), which is substantially more than 20 pct of group's total revenue.  Full Article

Palfinger expands dealer network in Finland
Friday, 24 Jun 2016 02:01am EDT 

Palfinger AG :PALFINGER platforms is expanding its dealer network in Finland to include four modern, central locations.  Full Article

Palfinger Marine GmbH to acquire TTS Group ASA
Monday, 20 Jun 2016 01:36am EDT 

TTS Group ASA : Said on Sunday had entered into transaction agreement regarding acquisition of TTS Group ASA by Palfinger Marine GmbH . Palfinger Marine GmbH will put forward recommended voluntary cash offer . Palfinger Marine GmbH offers to acquire all shares in TTS Group ASA for price per share of 5.60 Norwegian crowns in cash . Offer price represents premium of about 65 pct to closing share price in TTS Group on June 17 . Offer price values total share capital of TTS Group ASA on fully diluted basis at about 600 million Norwegian crowns ($72.51 million) . Board of Directors has unanimously resolved to recommend that shareholders of TTS Group ASA accept the Offer .Pareto Securities AS are acting as financial advisors to TTS Group ASA in connection with the Offer.  Full Article

Palfinger agrees the acquisition of Harding
Monday, 30 May 2016 07:30am EDT 

Palfinger AG : Agrees the acquisition of Harding .Purchase price was not disclosed.  Full Article

Palfinger wants to buy Herkules Harding AS
Tuesday, 24 May 2016 12:30pm EDT 

Palfinger Ag : Palfinger group intends to acquire 100 per cent of shares in herkules harding holding as and thus, globally operating harding group . Seller is norwegian private equity fund herkules. . Object to positive outcome of due diligence audit and final negotiations, signing is scheduled to take place in coming weeks . Acquisition of harding by palfinger is contingent on approval of authorities . Harding recorded revenue of around eur 140 million in 2015 Further company coverage: [PALF.VI] ((Shadia.Nasralla@thomsonreuters.com;)).  Full Article

Palfinger comments on FY 2016 and FY 2017 outlook
Wednesday, 27 Apr 2016 01:30am EDT 

Palfinger AG:Management continues to expect a growth in revenue of about 10 pct for FY 2016.Still sees potential to increase annual revenue generated by group, including joint venture companies in China and Russia, to about 1.8 billion euros by FY 2017.  Full Article

Deals of the day- Mergers and acquisitions

June 20 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: