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1 week ago | 
boersen-zeitung.de | Carsten Steevens
On 28 July 2023, Encavis' 25th anniversary on the stock exchange was celebrated at the Frankfurt trading floor of Deutsche Börse. The stock market presence of the Hamburg-based company, which was founded in 2001 as Capital Stage AG through the contribution of Futura Capitalis' investments to HWAG Hanseatisches Wertpapierhandelshaus AG, which has been listed on the stock exchange since 1998, is now history.
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1 week ago | 
boersen-zeitung.de | Carsten Steevens
Dax constituent Continental is planning to spin off units and move back to being a tyre manufacturer. Following the announcement that it will list the automotive supplier business on the Frankfurt Stock Exchange later this year, the Hanover-based company also wants to sell materials division Contitech.
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2 weeks ago | 
boersen-zeitung.de | Carsten Steevens
After a 50% decline in business in China last year, medical and safety technology company Drägerwerk is adjusting to a permanently reduced importance of the Chinese market. „It was our third most important country after Germany and the US, but that is no longer the case“, said CEO Stefan Dräger during the annual financial press conference. He expects a lasting loss of importance of the market.
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2 weeks ago | 
boersen-zeitung.de | Carsten Steevens
The search for a new investor for Hamburg-based private bank M.M. Warburg, which has been heavily criticised in the wake of the cum-ex tax scandal in recent years, is dragging on. A structured sales process that has been running since 2024, for which the bank's shareholders mandated the investment bank Perella Weinberg and the law firm Latham & Watkins, has remained unsuccessful as of the end of March. The process is currently paused, the bank said in response to an enquiry.
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1 month ago | 
boersen-zeitung.de | Carsten Steevens |Gesche Wüpper |Christoph Ruhkamp
The French co-operative bank Crédit Mutuel Alliance Fédérale is taking over Oldenburgische Landesbank (OLB) via its subsidiary Targo Deutschland. The previous owners of OLB, led by US private equity firm Apollo, decided against an IPO, which had been rumoured for several years. There had been speculation about an IPO coming in April. Plans for an IPO fell through in 2022 and 2023 due to weak market conditions.
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1 month ago | 
boersen-zeitung.de | Carsten Steevens
Mr. Auerbach, Nord/LB has been working on implementing an IT project for a new bank management system since 2023. What is the current status? Our bank management project „Fitt“ aims to modernize and future-proof the core of the bank – management in the areas of accounting, regulatory reporting, and risk control – by 2026. A key goal is to continue meeting regulatory requirements, particularly BCBS 239.
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1 month ago | 
boersen-zeitung.de | Carsten Steevens
Mr. Dohler, a new president has taken office in the US who supports fossil fuels. The EU is scaling back parts of the Green Deal. In Germany, a chancellor who is not considered a supporter of wind turbines will soon be in power. What does this mean for the energy transition? First, it is important to note that the goal of climate neutrality in Germany and the European Union remains in place. In the EU, the target is set for 2050.
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2 months ago | 
boersen-zeitung.de | Carsten Steevens
The German economy shrank for a second consecutive year in 2024. The last time there were two years of recession in a row was in 2002/2003. According to the Federal Statistical Office, economic and structural burdens hindered better economic development last year. The authority attributes the decline in economic output to increasing competition for the German export industry in important sales markets, high energy costs, persistently high interest rates, and an uncertain economic outlook.
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2 months ago | 
boersen-zeitung.de | Carsten Steevens
Mr. Wünschmann, the new US administration is imposing additional tariffs to address trade balance deficits. How do you assess the outlook for global trade? We are witnessing a suspenseful moment. Measures taken by the new US administration, such as punitive tariffs on imports from certain countries, could significantly impact global trade in the coming years. However, it is still a bit too early to make precise predictions about the consequences.
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Dec 10, 2024 | 
boersen-zeitung.de | Carsten Steevens
It was an appearance with reverberations that Bernd Osterloh made in January 2014 in a Wolfsburg café near the Volkswagen Group headquarters. The diesel scandal had not yet been uncovered by the US authorities when the then head of the VW Works Council took the company's management to task for the problems in the world's second-largest car market. The car manufacturer lacked suitable models in the sought-after segments of large SUVs and pick-up trucks.
