1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,440 --> 00:00:18,119 Speaker 3: Now, let's look at some of the stocks on the 5 00:00:18,120 --> 00:00:20,800 Speaker 3: move today here in Europe. I'm Caroline Hipcat alongside Jamana 6 00:00:20,840 --> 00:00:22,840 Speaker 3: Bassecci joining us now has been big a reporter to 7 00:00:22,920 --> 00:00:26,360 Speaker 3: clomber Lay. Good morning, Happy Friday, Ryan Mattil. Share is 8 00:00:26,400 --> 00:00:29,720 Speaker 3: still climbing this on the back of tensions though in 9 00:00:29,960 --> 00:00:32,240 Speaker 3: Europe and more of these drone sightings. 10 00:00:32,320 --> 00:00:34,960 Speaker 1: Yeah, absolutely so, round Matab, but then also other defense 11 00:00:35,000 --> 00:00:37,720 Speaker 1: stocks like SAB and Leonardo were up this morning on 12 00:00:37,800 --> 00:00:40,239 Speaker 1: the back of those growing tensions in Europe and what 13 00:00:40,320 --> 00:00:42,680 Speaker 1: also looks like to be kind of an expansion of 14 00:00:42,720 --> 00:00:45,040 Speaker 1: those tensions more and more towards Western Europe. So you 15 00:00:45,120 --> 00:00:48,680 Speaker 1: mentioned those drone sightings that led to flight suspensions at 16 00:00:48,760 --> 00:00:50,760 Speaker 1: Munich Airport, and we've seen more and more of those 17 00:00:50,840 --> 00:00:54,440 Speaker 1: drone incursions lately in Europe. There were also other stories 18 00:00:54,440 --> 00:00:56,959 Speaker 1: today that kind of show this ramping up of tensions. 19 00:00:57,360 --> 00:01:00,720 Speaker 1: Poland ordered a Russian ship to leave its water after 20 00:01:00,720 --> 00:01:02,760 Speaker 1: the ship was found to be very close to gas 21 00:01:02,760 --> 00:01:06,399 Speaker 1: pipeline and Zelenski said that he expects Ukraine to be 22 00:01:06,440 --> 00:01:09,720 Speaker 1: able to secure those longer range weapons from the US 23 00:01:09,920 --> 00:01:13,280 Speaker 1: to counter Russian airstrikes. And Putin warned that the supply 24 00:01:13,360 --> 00:01:15,800 Speaker 1: of those kinds of missiles to Ukraine would mean a 25 00:01:15,840 --> 00:01:19,800 Speaker 1: new stage of escalation in relations between Russia and the US. So, 26 00:01:20,120 --> 00:01:22,959 Speaker 1: of course, when there is that rising hostility, shares and 27 00:01:22,959 --> 00:01:25,800 Speaker 1: defense companies tend to move in tandem with that. So 28 00:01:26,040 --> 00:01:29,399 Speaker 1: that's what's really been driving that industry this morning, and. 29 00:01:29,440 --> 00:01:32,319 Speaker 3: A major deal in Europe, Lagran announcing it. 30 00:01:32,600 --> 00:01:35,400 Speaker 2: What do we know and how are the electric device 31 00:01:35,440 --> 00:01:36,880 Speaker 2: makers shares reacting today? 32 00:01:37,120 --> 00:01:40,640 Speaker 1: Yeah, so Lagran a record high this morning after announcing 33 00:01:40,640 --> 00:01:43,920 Speaker 1: a big acquisition over in the US yesterday last night. 34 00:01:43,959 --> 00:01:47,600 Speaker 1: So Lagron is a French company and it makes electrical 35 00:01:47,760 --> 00:01:51,160 Speaker 1: cooling equipment for data centers, and it has really been 36 00:01:51,160 --> 00:01:53,960 Speaker 1: benefiting from the AI boom because there's this demand for 37 00:01:54,160 --> 00:01:57,520 Speaker 1: key infrastructure for those data centers and it's been really 38 00:01:57,560 --> 00:01:59,880 Speaker 1: pursuing this through an M and A strategy. And this 39 00:02:00,120 --> 00:02:03,200 Speaker 1: latest deal is quite a bit bigger than the previous ones. 40 00:02:03,280 --> 00:02:06,080 Speaker 1: So it bought a company called Aftron Power Solutions in 41 00:02:06,120 --> 00:02:08,680 Speaker 1: a deal that is worth one point one billion dollars 42 00:02:08,800 --> 00:02:12,160 Speaker 1: enterprise value, and that will really expand its presence in 43 00:02:12,960 --> 00:02:16,120 Speaker 1: the region and in those energy are related a solution. 44 00:02:16,400 --> 00:02:19,480 Speaker 1: So Aftron is expected to generate nearly three hundred and 45 00:02:19,480 --> 00:02:23,040 Speaker 1: fifty million dollars in revenue in twenty twenty five, so 46 00:02:23,040 --> 00:02:26,000 Speaker 1: it's quite a big company. And Lagron has been trying 47 00:02:26,040 --> 00:02:29,280 Speaker 1: to expand in what is called so called data center 48 00:02:29,360 --> 00:02:32,480 Speaker 1: gray space, so that is essentially the back end infrastructure. 49 00:02:32,639 --> 00:02:35,200 Speaker 1: Unless I've said that this will be done through M 50 00:02:35,280 --> 00:02:38,920 Speaker 1: and A. So this will be really boosting this outlook 51 00:02:38,960 --> 00:02:40,200 Speaker 1: for Lagron going forward. 52 00:02:40,440 --> 00:02:43,320 Speaker 3: Yeah, that's an interesting company. And they make like sockets 53 00:02:43,360 --> 00:02:46,480 Speaker 3: and circuit breakers and solar panels I mean in the 54 00:02:46,520 --> 00:02:49,320 Speaker 3: past for hotels and offices and things, but obviously the 55 00:02:49,400 --> 00:02:50,280 Speaker 3: data center stuffs. 56 00:02:50,320 --> 00:02:52,080 Speaker 1: Now yeah, that's what we're really driving everything. 57 00:02:52,120 --> 00:02:56,960 Speaker 3: Now, Yeah, that's not fascinating, right. What about Ray Pherson, 58 00:02:57,520 --> 00:03:01,640 Speaker 3: the EU lifting sanctions on a Russian oligarch, Just tell 59 00:03:01,720 --> 00:03:02,160 Speaker 3: us about that. 60 00:03:02,560 --> 00:03:06,840 Speaker 1: Yeah, So it's a bit of a complicated story. So essentially, 61 00:03:06,880 --> 00:03:08,920 Speaker 1: Refersenter is up this morning because it's getting it's going 62 00:03:08,960 --> 00:03:11,880 Speaker 1: to get some compensation. So the FTY reported that the 63 00:03:11,919 --> 00:03:14,919 Speaker 1: EU is preparing to lift sanctions on assets linked to 64 00:03:15,000 --> 00:03:17,960 Speaker 1: Russian oligarch called olig Dery Pasca, and that is in 65 00:03:18,040 --> 00:03:20,960 Speaker 1: order to compensate rifercent for damages it had to pay 66 00:03:21,040 --> 00:03:24,560 Speaker 1: in Russia. So the plan is to unfreeze shares worth 67 00:03:24,600 --> 00:03:28,480 Speaker 1: about two billion euros in Strabag, which is an Austrian 68 00:03:28,520 --> 00:03:32,560 Speaker 1: construction company that was once owned by Derek Pasca, and 69 00:03:32,600 --> 00:03:34,720 Speaker 1: then the assets then would fall to the bank and 70 00:03:34,800 --> 00:03:38,720 Speaker 1: compensate it for a two billion eurofine it paid after 71 00:03:38,720 --> 00:03:41,880 Speaker 1: a Russian court that ruled in favor of a business 72 00:03:41,880 --> 00:03:44,080 Speaker 1: linked dery Pasca. So there is quite a lot of 73 00:03:44,080 --> 00:03:46,200 Speaker 1: moving parts here, but this is really driving the shares 74 00:03:46,400 --> 00:03:49,720 Speaker 1: and it does have consequences beyond that boost to Ryfersen. 75 00:03:49,840 --> 00:03:52,800 Speaker 1: So some European officials are worrying that the move would 76 00:03:52,840 --> 00:03:56,640 Speaker 1: kind of legitimize efforts from oligarchs to circumvent EU sanctions 77 00:03:57,080 --> 00:04:00,160 Speaker 1: against Russia and really really embold in Russian courts that 78 00:04:00,200 --> 00:04:04,440 Speaker 1: are retaliating against those sanctions by ordering the confiscation of 79 00:04:04,480 --> 00:04:07,760 Speaker 1: Western assets. So it's definitely sorry to follow. 80 00:04:08,920 --> 00:04:13,160 Speaker 2: The stockmover's report from Bloomberg Radio. 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