WEBVTT - Siemens Energy Up, EssilorLuxxotica Down, Kitron Rises

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move

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<v Speaker 3>today in Europe. BAM James Willcock with Stephen Carroll, and

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<v Speaker 3>we're joined by Bloomberg's Breaking News editor at Louise Moon. Louise,

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<v Speaker 3>let's start with Stemens Energy. They are generating some private interest.

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<v Speaker 1>They are, indeed, yes, So we have reported that a

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<v Speaker 1>few buyout firms are interested in one of their units.

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<v Speaker 1>So we've got the likes of CBC EQT among them

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<v Speaker 1>considering bids for a majority stake in Seaman's Energy's steam

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<v Speaker 1>turbines business. There are others as well, so there's Bank Capital,

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<v Speaker 1>Brookville KKR also exploring offers and the unit could be

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<v Speaker 1>valued at over ten billion euros, so this would be

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<v Speaker 1>if it came to fruition, it would be a big deal.

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<v Speaker 1>So Steam's Energy is working with Golden Sacks on this

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<v Speaker 1>and they're having a board meeting today to essentially decide

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<v Speaker 1>how to proceed if they're going to divest and how

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<v Speaker 1>they're going to go about that. So shares a currently

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<v Speaker 1>up about two percent. But I guess eyes will be

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<v Speaker 1>on that meeting and what might come out of that

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<v Speaker 1>to give a bit more clarity going forward. But yeah,

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<v Speaker 1>a lot of interest there.

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<v Speaker 2>Speaking of eyes, I've got to again next You've going

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<v Speaker 2>to keep me an eye on their shares as well.

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<v Speaker 1>I have. So the second heir of the founder of

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<v Speaker 1>the Iowa maker is leaving the company, which has come

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<v Speaker 1>as quite a surprise. So Leonardo Maria del Vicio is

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<v Speaker 1>stepping down. He is the president of ray Ban and

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<v Speaker 1>also the chief strategy officer, so two roles. He sent

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<v Speaker 1>a letter essentially criticizing the way that the company has run,

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<v Speaker 1>saying that there's a disconnect between the corporates, the corporate suits,

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<v Speaker 1>and the people who actually work at the company, saying

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<v Speaker 1>that there isn't the enthusiasm that they used to be

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<v Speaker 1>or the sense of belonging. And there was one bit

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<v Speaker 1>of his quote that said, and people know it before

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<v Speaker 1>the markets do. So he said he's moving on. He's

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<v Speaker 1>going to start his own new entrepreneurial projects. But obviously

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<v Speaker 1>this comes against the whole backdrop of there's been a

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<v Speaker 1>lot of drama with the airs and with some of

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<v Speaker 1>them leaving, so there's eight heirs in total. They all

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<v Speaker 1>got given a twelve point five percent stake in the

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<v Speaker 1>family's investment firm, but none were left in charge, and

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<v Speaker 1>essentially it's been in a bit of a termol since

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<v Speaker 1>the founder's death in twenty twenty two. So shares edged

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<v Speaker 1>down on that surprise news this morning, only slightly. They're

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<v Speaker 1>already down about forty cent over the past year. And

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<v Speaker 1>as I say, this drama is ongoing, so down slightly,

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<v Speaker 1>but it's kind of the latest element in this ongoing

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<v Speaker 1>family saga.

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<v Speaker 3>And then things seem to be looking up for Kittron,

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<v Speaker 3>the industrial electronics maker.

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<v Speaker 1>Yeah, shares up almost ten percent. That's over in Oslo.

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<v Speaker 1>They've been upgraded to buy by Pereto. That Peretto is

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<v Speaker 1>saying that the improved revenue guidance might imply limited changes

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<v Speaker 1>to consensus, but it's saying that it shows easing of

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<v Speaker 1>supply chain issues. So they're saying that strong outlet should

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<v Speaker 1>overall be a positive and kind of help reverse some

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<v Speaker 1>weakness that we've been seeing in the stock since the

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<v Speaker 1>second quarter. So it takes the overall ratings of four

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<v Speaker 1>buyers foreholds and zero cells so boosting shares about.

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<v Speaker 2>Tempcent the Stock Movers Report from Bloomberg Radio. Check back

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