The fish sticks producer Iglo changes hands: The fund Permira presents the frozen food specialist at the British company Nomad based on the British Virgin Islands on – for 2.6 billion euros. Permira wanted Iglo sell for years.
Live from the floor of the Frankfurt Stock Exchange
financial investor Permira sold Iglo for 2.6 billion euros
16.10 Clock: The fish sticks producer Iglo changes hands: The fund Permira presented to the frozen food specialist the British company Nomad established in the British Virgin Islands on, which is specializing in buyouts of companies. Permira receives 2.6 billion euros, as both companies announced on Tuesday. Nomad Nomad will continue hot food. Permira will retain a share of nine percent in this company.
Permira wanted Iglo for years to sell. 2012 it was said that the world’s largest food company Nestlé was interested. Iglo since 2006 has been owned by the Permira, so for more than eight years. The financial investor, the group had then bought for 1.7 billion euros from the consumer goods giant Unilever, 2010, the Italian company Findus.
The Iglo brand there since 1959, the advertising mascot Captain Iglo praises the frozen fish since 1985 in on Germany. The company, based in Hamburg claims to be “brand leader” for frozen vegetables and -Fish in Europe. 85 percent of sales come from Iglo in Germany, Austria, Italy and the Birds Eye brand in the UK.
Market Analyst: “The rally is initially completed”
15.23 Clock: The Dax stabilized more and more. By the early afternoon, the leading index moved 1.60 per cent to 11,875.33 points . The MDax the medium values gained 1.13 percent to 21,134.56 points, and the technology index TecDax rose by 1.72 percent to 1,646.40 points. For the euro zone benchmark index Euro Stoxx 50 was about 0.75 percent up. But
Experts dampened too high expectations : How dealer Stefan de Schutter said Alpha Securities Trading only of a backlash after the Dax accelerated its recent decline on Friday because of fears of a Greek default and had the biggest weekly loss recorded since November 2011. Also, market analyst Andreas Paciorek from trading CMC Markets was skeptical: “ The rally is initially closed , now is the motto of stabilization.”
Environment hurtful behavior is German rather little to heart
14.12 Clock: In Germany, relatively few people get a bad conscience, if they have no regard for the environment , According to a study in this country, although 46 percent of the population feel guilty if they do not respect the environment. In the international average is 63 percent, however, as the GfK market research company announced in Nuremberg on Monday. Germany lies so behind Sweden, Poland and South Korea on the fourth from last among 23 nations surveyed.
Much less is the distance to the international average in two other categories. In Germany, 73 percent of respondents find that companies and brands have to be environmentally conscious. The international value is the GfK Group, three points higher.
Consumers also refer to themselves accountable. 58 percent of respondents in Germany say they only buy products and services that meet their beliefs, values or ideals. Internationally, there are 63 percent. Special emphasis on value-oriented consumer basket with 94 per cent Indians, Germany is in the middle.
insurer: “Niklas” one of the worst storms lately
12:15 clock: The intense low “Niklas” the end of March counts measured by the damage to the five worst storms of the past 15 years. With gusts of up to 192 kilometers per hour taught “Niklas” on houses, household goods and vehicles damages of 750 million euros on how the general association of the German Insurance Association announced on Monday. The industry believes that it is possible that storm damage by 2100 could grow by more than half because of climate change. “Niklas” remained on March 31, but well behind “Kyrill” back, which led to a cost of around 2.4 billion euros in 2007.
Dax recovering after price drop in the previous week
11.12 Clock: has the German stock market at the Monday some recovered from the last heavy losses . Dealer Stefan de Schutter from Alpha Securities Trading spoke of a backlash after the Dax on Friday accelerates its recent decline amid worries about a Greek default and exit from the euro and had the biggest weekly loss recorded since November 2011. The chart of Dax
Shortly after the start of trading the DAX advanced by 0.90 percent 11794.22 points before. About eleven clock he scraped back to the brand of 11,850 points. The MDax the medium values gained 0.79 percent to 21,064.47 points and the technology index TecDax rose by 0.93 percent to 1,633.52 points. For the euro zone benchmark index Euro Stoxx 50 was about 0.80 percent up.
Postbank employees start with indefinite strike
11.07 Clock: have in stalled labor dispute at Postbank the first indefinite strike started. The walkout starts on Monday (20 April), in the branches Saxony, Brandenburg and Saxony-Anhalt and parts of Thuringia.
“This is the first priority,” said Verdi spokesman Christoph Schmitz. In the following days the strikes are to be gradually increased and extended to the whole of Germany.
The indefinite strike would have pronounced effects than the strikes, stressed Verdi. “We ask the customers of Postbank to understand that they will face many of the closed doors of the Postbank branches from next week.”
background of the conflict are from the perspective of Verdi missing Offer of employment protection and the uncertain outlook for the subsidiary of Deutsche Bank. Speculation about a possible sale or partial sale or the placement of a larger equity stake in Postbank in the stock market have triggered fears of job cuts.
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For protection against dismissal negotiator Christopher Master said, ” The refusal of the employer to submit an offer for employment protection, leading to a high emotional stress of employees in the company and channeled in a great determination to enforce a protection against dismissal. We expect especially in the current situation is that the German bank is entitled to their employees and implement the changes with them and not against them. This signal of appreciation is long overdue. “
Verdi therefore calls for the over 9000 employees an extension of employment protection in 2020 and five percent more content at a term of 12 months. The rejects the employer
Bosch increases sales in China strongly
Monday, April 20, 09.15 clock. The automotive supplier and technology group Bosch has its sales in China last year, can strongly increase by 27 percent to 6.4 billion euros. Despite the somewhat weaker economy in the second largest economy CEO Peter Tyroller continues to see further growth opportunities. The entire Asia-Pacific region remains “an important engine of growth” for the Bosch Group, Tyroller said before the auto show in Shanghai.
In the past three years, Bosch’ve put about 920 million euros in the expansion of local manufacturing and research and development in China – last year alone 330 million euros. “Our localization strategy in China is paying off,” said Tyroller. China to Germany and the US, the third largest market for Bosch. At this year’s auto show in Shanghai, which will open its doors on Monday, Bosch is integrated mobility technology in the areas of networking, automation and electrification.
labor dispute at Postbank – workers strike
19:43 clock: in the deadlocked labor dispute at Postbank beginning on Monday, the first indefinite strike. As the trade union Verdi announced on Sunday, 94.8 percent of its members voted in the ballot for an indefinite strike. The strikes starting on Monday in the branches Saxony, Brandenburg and Saxony-Anhalt and parts of Thuringia.
“This is the first priority,” said Verdi spokesman Christoph Schmitz dpa. In the following days the strikes are to be gradually increased and extended to the whole of Germany.
The indefinite strike would have pronounced effects than the strikes, stressed Verdi. “We ask the customers of Postbank to understand that they will face many of the closed doors of the Postbank branches from next week.”
background of the conflict are from the perspective of Verdi missing Offer of employment protection and the uncertain outlook for the subsidiary of Deutsche Bank. Speculation about a possible sale or partial sale or the placement of a larger equity stake in Postbank in the stock market have triggered fears of job cuts
For protection against dismissal negotiators Christoph Meister said. “The refusal of the employer to submit an offer for employment protection leads to a high emotional stress of employees in the company and channeled in a large determination to enforce a protection against dismissal. We expect especially in the current situation is that the German bank is entitled to their employees and implement the changes with them and not against them. This signal of appreciation is long overdue. “
Verdi therefore calls for the over 9000 employees an extension of employment protection in 2020 and five percent more content at a term of 12 months. The rejects the employer
VW wants 30,000 new jobs in China create
15.35 clock. VW China boss Jochem Heizmann announced at the Volkswagen -Konzernabend on the Expo site in Shanghai that VW in China by 2019 will create 30,000 new jobs and invest 22 billion euros. The Ivestitionen include a total of 15 electric and hybrid models. VW already has 120,000 employees in China. Heizmann held at the end of the evening the usual keynote speech that had been expected from the CEO Winterkorn. Winterkorn but he canceled his attendance at the beginning tomorrow auto show in the short term.
The price of Volkswagen shares (preference)
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