Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move
Speaker 3: today in Europe. BAM James Willcock with Stephen Carroll, and
Speaker 3: we're joined by Bloomberg's Breaking News editor at Louise Moon. Louise,
Speaker 3: let's start with Stemens Energy. They are generating some private interest.
Speaker 1: They are, indeed, yes, So we have reported that a
Speaker 1: few buyout firms are interested in one of their units.
Speaker 1: So we've got the likes of CBC EQT among them
Speaker 1: considering bids for a majority stake in Seaman's Energy's steam
Speaker 1: turbines business. There are others as well, so there's Bank Capital,
Speaker 1: Brookville KKR also exploring offers and the unit could be
Speaker 1: valued at over ten billion euros, so this would be
Speaker 1: if it came to fruition, it would be a big deal.
Speaker 1: So Steam's Energy is working with Golden Sacks on this
Speaker 1: and they're having a board meeting today to essentially decide
Speaker 1: how to proceed if they're going to divest and how
Speaker 1: they're going to go about that. So shares a currently
Speaker 1: up about two percent. But I guess eyes will be
Speaker 1: on that meeting and what might come out of that
Speaker 1: to give a bit more clarity going forward. But yeah,
Speaker 1: a lot of interest there.
Speaker 2: Speaking of eyes, I've got to again next You've going
Speaker 2: to keep me an eye on their shares as well.
Speaker 1: I have. So the second heir of the founder of
Speaker 1: the Iowa maker is leaving the company, which has come
Speaker 1: as quite a surprise. So Leonardo Maria del Vicio is
Speaker 1: stepping down. He is the president of ray Ban and
Speaker 1: also the chief strategy officer, so two roles. He sent
Speaker 1: a letter essentially criticizing the way that the company has run,
Speaker 1: saying that there's a disconnect between the corporates, the corporate suits,
Speaker 1: and the people who actually work at the company, saying
Speaker 1: that there isn't the enthusiasm that they used to be
Speaker 1: or the sense of belonging. And there was one bit
Speaker 1: of his quote that said, and people know it before
Speaker 1: the markets do. So he said he's moving on. He's
Speaker 1: going to start his own new entrepreneurial projects. But obviously
Speaker 1: this comes against the whole backdrop of there's been a
Speaker 1: lot of drama with the airs and with some of
Speaker 1: them leaving, so there's eight heirs in total. They all
Speaker 1: got given a twelve point five percent stake in the
Speaker 1: family's investment firm, but none were left in charge, and
Speaker 1: essentially it's been in a bit of a termol since
Speaker 1: the founder's death in twenty twenty two. So shares edged
Speaker 1: down on that surprise news this morning, only slightly. They're
Speaker 1: already down about forty cent over the past year. And
Speaker 1: as I say, this drama is ongoing, so down slightly,
Speaker 1: but it's kind of the latest element in this ongoing
Speaker 1: family saga.
Speaker 3: And then things seem to be looking up for Kittron,
Speaker 3: the industrial electronics maker.
Speaker 1: Yeah, shares up almost ten percent. That's over in Oslo.
Speaker 1: They've been upgraded to buy by Pereto. That Peretto is
Speaker 1: saying that the improved revenue guidance might imply limited changes
Speaker 1: to consensus, but it's saying that it shows easing of
Speaker 1: supply chain issues. So they're saying that strong outlet should
Speaker 1: overall be a positive and kind of help reverse some
Speaker 1: weakness that we've been seeing in the stock since the
Speaker 1: second quarter. So it takes the overall ratings of four
Speaker 1: buyers foreholds and zero cells so boosting shares about.
Speaker 2: Tempcent the Stock Movers Report from Bloomberg Radio. Check back
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