Siemens (SIE GY) is reportedly looking to acquire Mer Mec, in a deal valued at over EUR 1bln, Bloomberg reports citing sources
Siemens' reported interest in acquiring Mer Mec for over EUR 1 billion suggests a strategic move to bolster its capabilities in the industrial sector.
UK PM Starmer "is reportedly looking for a dignified way of ending all this. But he doesn't want to be seen to be forced out", Mail on Sunday's Hodges reports
UK PM Starmer is, according to a 'very senior minister', going to fight, ITV's Peston reports. The minister adds, “let’s see where we end up”
Siemens (SIE GY) is reportedly looking to acquire Mer Mec, in a deal valued at over EUR 1bln, Bloomberg reports citing sources
AUSTRALIAN BUDGET: Australia sees 2025/26 budget deficit at AUD 28.3bln (vs AUD 36.8bln projected); sees 2026/27 budget deficit at AUD 31.5bln, 2027/28 deficit AUD 31.0bln; Treasurer says budget helps, rather than harms, the fight against inflation
Germany sells EUR 4.630bln vs exp. EUR 6bln 2.50% 2028 Schatz: b/c 1.4x (prev. 1.7x), average yield 2.70% (prev. 2.47%), retention 22.8%
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This acquisition aligns well with Siemens' growth strategy and could enhance its competitive position, particularly in technology and infrastructure services. Investors may focus on how this deal is perceived in terms of future growth prospects and its impact on Siemens' financials, including potential synergies and integration challenges.
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