United States

Ludwig Burger

Lanxess sees flat 2019 profit on weak demand from China automakers

Mar 14 2019

COLOGNE, Germany Germany's Lanxess said on Thursday weak demand from Chinese automakers for its plastics business, offset by a better outlook for agrochemical ingredients, would lead to flat operating earnings this year.

BioNTech hires banks for IPO worth up to $800 million: sources

Mar 12 2019

FRANKFURT BioNTech, Europe's largest unlisted biotech firm by staff numbers, has hired banks to prepare for an initial public offering (IPO) worth as much as $800 million as early as this year, people familiar with the plan told Reuters.

Merck KGaA encouraged by market reaction to Versum swoop

Mar 07 2019

DARMSTADT, Germany German drugs and lab supplies group Merck KGaA is encouraged by the market reaction to its unsolicited bid for Versum, as it seeks to break up the U.S. company's agreed merger with a rival suitor, Merck said on Thursday.

Merck KGaA urges Versum shareholders to support takeover bid

Mar 05 2019

FRANKFURT Germany's Merck KGaA on Tuesday called on shareholders of Versum Materials to put pressure on the electronic materials maker's management to consider its jilted takeover proposal over a rival offer.

Evonik unit sale, prospect of cash-flow gains boost shares

Mar 05 2019

FRANKFURT Shares in German chemicals group Evonik jumped to a three-month high on Tuesday after it sold its clear acrylic sheet unit for a larger-than-expected sum of 3 billion euros and allayed investor concerns about its cash flow.

Evonik agrees 3 billion euro sale of acrylic sheet unit to Advent

Mar 04 2019

FRANKFURT German chemicals group Evonik has agreed the key terms of a 3 billion euro ($3.4 billion) sale of its methacrylates plastics unit to buyout group Advent a year after its decision to shed the business.

RPT-UPDATE 1-Evonik agrees 3 bln euro sale of acrylic sheet unit to Advent

Mar 04 2019

* Agreement in principle comes one year after decision to sell

Rise in German new car sales provides hope for embattled industry

Mar 04 2019

FRANKFURT New car sales in Germany, Europe's largest auto market, rose 3 percent year-on-year in February, rebounding from January's decline in what is a ray of hope for an embattled industry due to convene at a major European trade show this week.

UPDATE 1-Rise in German new car sales provides hope for embattled industry

Mar 04 2019

* Geneva car show starts this week (Adds global trend, details on motor show)

Linde Plc targets 8-12 percent EPS growth in 2019 on cost cuts

Mar 01 2019

FRANKFURT Linde Plc, the industrial gases group created from the merger of Linde AG and Praxair, is targeting 8-12 percent growth in 2019 earnings per share thanks to cost cuts, even as revenue growth slows, it said on Friday.

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