WEBVTT - Rheinmetall Up, Legrand Soars, Raiffeisen Rises

0:00:02.520 --> 0:00:07.360
<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

0:00:08.560 --> 0:00:12.440
<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

0:00:12.480 --> 0:00:15.880
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:16.440 --> 0:00:18.119
<v Speaker 3>Now, let's look at some of the stocks on the

0:00:18.120 --> 0:00:20.800
<v Speaker 3>move today here in Europe. I'm Caroline Hipcat alongside Jamana

0:00:20.840 --> 0:00:22.840
<v Speaker 3>Bassecci joining us now has been big a reporter to

0:00:22.920 --> 0:00:26.360
<v Speaker 3>clomber Lay. Good morning, Happy Friday, Ryan Mattil. Share is

0:00:26.400 --> 0:00:29.720
<v Speaker 3>still climbing this on the back of tensions though in

0:00:29.960 --> 0:00:32.240
<v Speaker 3>Europe and more of these drone sightings.

0:00:32.320 --> 0:00:34.960
<v Speaker 1>Yeah, absolutely so, round Matab, but then also other defense

0:00:35.000 --> 0:00:37.720
<v Speaker 1>stocks like SAB and Leonardo were up this morning on

0:00:37.800 --> 0:00:40.239
<v Speaker 1>the back of those growing tensions in Europe and what

0:00:40.320 --> 0:00:42.680
<v Speaker 1>also looks like to be kind of an expansion of

0:00:42.720 --> 0:00:45.040
<v Speaker 1>those tensions more and more towards Western Europe. So you

0:00:45.120 --> 0:00:48.680
<v Speaker 1>mentioned those drone sightings that led to flight suspensions at

0:00:48.760 --> 0:00:50.760
<v Speaker 1>Munich Airport, and we've seen more and more of those

0:00:50.840 --> 0:00:54.440
<v Speaker 1>drone incursions lately in Europe. There were also other stories

0:00:54.440 --> 0:00:56.959
<v Speaker 1>today that kind of show this ramping up of tensions.

0:00:57.360 --> 0:01:00.720
<v Speaker 1>Poland ordered a Russian ship to leave its water after

0:01:00.720 --> 0:01:02.760
<v Speaker 1>the ship was found to be very close to gas

0:01:02.760 --> 0:01:06.399
<v Speaker 1>pipeline and Zelenski said that he expects Ukraine to be

0:01:06.440 --> 0:01:09.720
<v Speaker 1>able to secure those longer range weapons from the US

0:01:09.920 --> 0:01:13.280
<v Speaker 1>to counter Russian airstrikes. And Putin warned that the supply

0:01:13.360 --> 0:01:15.800
<v Speaker 1>of those kinds of missiles to Ukraine would mean a

0:01:15.840 --> 0:01:19.800
<v Speaker 1>new stage of escalation in relations between Russia and the US. So,

0:01:20.120 --> 0:01:22.959
<v Speaker 1>of course, when there is that rising hostility, shares and

0:01:22.959 --> 0:01:25.800
<v Speaker 1>defense companies tend to move in tandem with that. So

0:01:26.040 --> 0:01:29.399
<v Speaker 1>that's what's really been driving that industry this morning, and.

0:01:29.440 --> 0:01:32.319
<v Speaker 3>A major deal in Europe, Lagran announcing it.

0:01:32.600 --> 0:01:35.400
<v Speaker 2>What do we know and how are the electric device

0:01:35.440 --> 0:01:36.880
<v Speaker 2>makers shares reacting today?

0:01:37.120 --> 0:01:40.640
<v Speaker 1>Yeah, so Lagran a record high this morning after announcing

0:01:40.640 --> 0:01:43.920
<v Speaker 1>a big acquisition over in the US yesterday last night.

0:01:43.959 --> 0:01:47.600
<v Speaker 1>So Lagron is a French company and it makes electrical

0:01:47.760 --> 0:01:51.160
<v Speaker 1>cooling equipment for data centers, and it has really been

0:01:51.160 --> 0:01:53.960
<v Speaker 1>benefiting from the AI boom because there's this demand for

0:01:54.160 --> 0:01:57.520
<v Speaker 1>key infrastructure for those data centers and it's been really

0:01:57.560 --> 0:01:59.880
<v Speaker 1>pursuing this through an M and A strategy. And this

0:02:00.120 --> 0:02:03.200
<v Speaker 1>latest deal is quite a bit bigger than the previous ones.

0:02:03.280 --> 0:02:06.080
<v Speaker 1>So it bought a company called Aftron Power Solutions in

0:02:06.120 --> 0:02:08.680
<v Speaker 1>a deal that is worth one point one billion dollars

0:02:08.800 --> 0:02:12.160
<v Speaker 1>enterprise value, and that will really expand its presence in

0:02:12.960 --> 0:02:16.120
<v Speaker 1>the region and in those energy are related a solution.

0:02:16.400 --> 0:02:19.480
<v Speaker 1>So Aftron is expected to generate nearly three hundred and

0:02:19.480 --> 0:02:23.040
<v Speaker 1>fifty million dollars in revenue in twenty twenty five, so

0:02:23.040 --> 0:02:26.000
<v Speaker 1>it's quite a big company. And Lagron has been trying

0:02:26.040 --> 0:02:29.280
<v Speaker 1>to expand in what is called so called data center

0:02:29.360 --> 0:02:32.480
<v Speaker 1>gray space, so that is essentially the back end infrastructure.

0:02:32.639 --> 0:02:35.200
<v Speaker 1>Unless I've said that this will be done through M

0:02:35.280 --> 0:02:38.920
<v Speaker 1>and A. So this will be really boosting this outlook

0:02:38.960 --> 0:02:40.200
<v Speaker 1>for Lagron going forward.

0:02:40.440 --> 0:02:43.320
<v Speaker 3>Yeah, that's an interesting company. And they make like sockets

0:02:43.360 --> 0:02:46.480
<v Speaker 3>and circuit breakers and solar panels I mean in the

0:02:46.520 --> 0:02:49.320
<v Speaker 3>past for hotels and offices and things, but obviously the

0:02:49.400 --> 0:02:50.280
<v Speaker 3>data center stuffs.

0:02:50.320 --> 0:02:52.080
<v Speaker 1>Now yeah, that's what we're really driving everything.

0:02:52.120 --> 0:02:56.960
<v Speaker 3>Now, Yeah, that's not fascinating, right. What about Ray Pherson,

0:02:57.520 --> 0:03:01.640
<v Speaker 3>the EU lifting sanctions on a Russian oligarch, Just tell

0:03:01.720 --> 0:03:02.160
<v Speaker 3>us about that.

0:03:02.560 --> 0:03:06.840
<v Speaker 1>Yeah, So it's a bit of a complicated story. So essentially,

0:03:06.880 --> 0:03:08.920
<v Speaker 1>Refersenter is up this morning because it's getting it's going

0:03:08.960 --> 0:03:11.880
<v Speaker 1>to get some compensation. So the FTY reported that the

0:03:11.919 --> 0:03:14.919
<v Speaker 1>EU is preparing to lift sanctions on assets linked to

0:03:15.000 --> 0:03:17.960
<v Speaker 1>Russian oligarch called olig Dery Pasca, and that is in

0:03:18.040 --> 0:03:20.960
<v Speaker 1>order to compensate rifercent for damages it had to pay

0:03:21.040 --> 0:03:24.560
<v Speaker 1>in Russia. So the plan is to unfreeze shares worth

0:03:24.600 --> 0:03:28.480
<v Speaker 1>about two billion euros in Strabag, which is an Austrian

0:03:28.520 --> 0:03:32.560
<v Speaker 1>construction company that was once owned by Derek Pasca, and

0:03:32.600 --> 0:03:34.720
<v Speaker 1>then the assets then would fall to the bank and

0:03:34.800 --> 0:03:38.720
<v Speaker 1>compensate it for a two billion eurofine it paid after

0:03:38.720 --> 0:03:41.880
<v Speaker 1>a Russian court that ruled in favor of a business

0:03:41.880 --> 0:03:44.080
<v Speaker 1>linked dery Pasca. So there is quite a lot of

0:03:44.080 --> 0:03:46.200
<v Speaker 1>moving parts here, but this is really driving the shares

0:03:46.400 --> 0:03:49.720
<v Speaker 1>and it does have consequences beyond that boost to Ryfersen.

0:03:49.840 --> 0:03:52.800
<v Speaker 1>So some European officials are worrying that the move would

0:03:52.840 --> 0:03:56.640
<v Speaker 1>kind of legitimize efforts from oligarchs to circumvent EU sanctions

0:03:57.080 --> 0:04:00.160
<v Speaker 1>against Russia and really really embold in Russian courts that

0:04:00.200 --> 0:04:04.440
<v Speaker 1>are retaliating against those sanctions by ordering the confiscation of

0:04:04.480 --> 0:04:07.760
<v Speaker 1>Western assets. So it's definitely sorry to follow.

0:04:08.920 --> 0:04:13.160
<v Speaker 2>The stockmover's report from Bloomberg Radio. Check back with us

0:04:13.160 --> 0:04:15.960
<v Speaker 2>throughout the day for the latest roundup of companies making

0:04:16.040 --> 0:04:19.640
<v Speaker 2>news on Wall Street. And for the latest market moving headlines.

0:04:19.880 --> 0:04:23.880
<v Speaker 2>Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg

0:04:23.920 --> 0:04:27.000
<v Speaker 2>dot com, and on Applecarplay and Android Auto with the

0:04:27.040 --> 0:04:28.400
<v Speaker 2>Bloomberg Business app.