Rumors for takeover: Salzgitter shares rise in a leaulful way!

Rumors for takeover: Salzgitter shares rise in a leaulful way!

Salzgitter, Deutschland - The steel industry is in turmoil! Salzgitter, one of the largest steel companies in Germany, faces a possible takeover, and investors are enthusiastic! GP Günter Papenburg AG, Salzgitter's second largest shareholder, is planning an offer together with TSR recycling that rapidly skyrocketed the company's shares. After a dramatic decline in the deepest, the course of the Salzgitter shares today shot over 25 percent to 17.60 euros. The company's stock exchange assessment is now over one billion euros.

But what does that mean for the future of Salzgitter? Many questions are still open, especially like the state of Lower Saxony, the largest shareholder with 26.5 percent, to which takeover plans will react. However, retailers are optimistic: "The time for a purchase could not be better," says a Börsian. After two years of falling courses, in which the shares even fell to 40 euros, a turn could now began. However, the potential offer depends on several conditions, including ensuring at least 45 percent of the shares.

challenges and forecasts

Salzgitter fights in an industry that is heavily burdened by high energy prices and a weak demand, especially from the automotive industry. The company has already corrected its forecasts three times this year and is now expecting a loss of up to 325 million euros. The CEO Gunnar Groebler announced a rigorous austerity course that will strongly meet the trading business. The takeover could also have an impact on the Aurubis copper group, where Salzgitter holds around 30 percent of the shares. The Aurubis share reacted positively and increased by seven percent.