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: Now, let's look at some of the stocks on the
Speaker 3: move today here in Europe. I'm Caroline Hipcat alongside Jamana
Speaker 3: Bassecci joining us now has been big a reporter to
Speaker 3: clomber Lay. Good morning, Happy Friday, Ryan Mattil. Share is
Speaker 3: still climbing this on the back of tensions though in
Speaker 3: Europe and more of these drone sightings.
Speaker 1: Yeah, absolutely so, round Matab, but then also other defense
Speaker 1: stocks like SAB and Leonardo were up this morning on
Speaker 1: the back of those growing tensions in Europe and what
Speaker 1: also looks like to be kind of an expansion of
Speaker 1: those tensions more and more towards Western Europe. So you
Speaker 1: mentioned those drone sightings that led to flight suspensions at
Speaker 1: Munich Airport, and we've seen more and more of those
Speaker 1: drone incursions lately in Europe. There were also other stories
Speaker 1: today that kind of show this ramping up of tensions.
Speaker 1: Poland ordered a Russian ship to leave its water after
Speaker 1: the ship was found to be very close to gas
Speaker 1: pipeline and Zelenski said that he expects Ukraine to be
Speaker 1: able to secure those longer range weapons from the US
Speaker 1: to counter Russian airstrikes. And Putin warned that the supply
Speaker 1: of those kinds of missiles to Ukraine would mean a
Speaker 1: new stage of escalation in relations between Russia and the US. So,
Speaker 1: of course, when there is that rising hostility, shares and
Speaker 1: defense companies tend to move in tandem with that. So
Speaker 1: that's what's really been driving that industry this morning, and.
Speaker 3: A major deal in Europe, Lagran announcing it.
Speaker 2: What do we know and how are the electric device
Speaker 2: makers shares reacting today?
Speaker 1: Yeah, so Lagran a record high this morning after announcing
Speaker 1: a big acquisition over in the US yesterday last night.
Speaker 1: So Lagron is a French company and it makes electrical
Speaker 1: cooling equipment for data centers, and it has really been
Speaker 1: benefiting from the AI boom because there's this demand for
Speaker 1: key infrastructure for those data centers and it's been really
Speaker 1: pursuing this through an M and A strategy. And this
Speaker 1: latest deal is quite a bit bigger than the previous ones.
Speaker 1: So it bought a company called Aftron Power Solutions in
Speaker 1: a deal that is worth one point one billion dollars
Speaker 1: enterprise value, and that will really expand its presence in
Speaker 1: the region and in those energy are related a solution.
Speaker 1: So Aftron is expected to generate nearly three hundred and
Speaker 1: fifty million dollars in revenue in twenty twenty five, so
Speaker 1: it's quite a big company. And Lagron has been trying
Speaker 1: to expand in what is called so called data center
Speaker 1: gray space, so that is essentially the back end infrastructure.
Speaker 1: Unless I've said that this will be done through M
Speaker 1: and A. So this will be really boosting this outlook
Speaker 1: for Lagron going forward.
Speaker 3: Yeah, that's an interesting company. And they make like sockets
Speaker 3: and circuit breakers and solar panels I mean in the
Speaker 3: past for hotels and offices and things, but obviously the
Speaker 3: data center stuffs.
Speaker 1: Now yeah, that's what we're really driving everything.
Speaker 3: Now, Yeah, that's not fascinating, right. What about Ray Pherson,
Speaker 3: the EU lifting sanctions on a Russian oligarch, Just tell
Speaker 3: us about that.
Speaker 1: Yeah, So it's a bit of a complicated story. So essentially,
Speaker 1: Refersenter is up this morning because it's getting it's going
Speaker 1: to get some compensation. So the FTY reported that the
Speaker 1: EU is preparing to lift sanctions on assets linked to
Speaker 1: Russian oligarch called olig Dery Pasca, and that is in
Speaker 1: order to compensate rifercent for damages it had to pay
Speaker 1: in Russia. So the plan is to unfreeze shares worth
Speaker 1: about two billion euros in Strabag, which is an Austrian
Speaker 1: construction company that was once owned by Derek Pasca, and
Speaker 1: then the assets then would fall to the bank and
Speaker 1: compensate it for a two billion eurofine it paid after
Speaker 1: a Russian court that ruled in favor of a business
Speaker 1: linked dery Pasca. So there is quite a lot of
Speaker 1: moving parts here, but this is really driving the shares
Speaker 1: and it does have consequences beyond that boost to Ryfersen.
Speaker 1: So some European officials are worrying that the move would
Speaker 1: kind of legitimize efforts from oligarchs to circumvent EU sanctions
Speaker 1: against Russia and really really embold in Russian courts that
Speaker 1: are retaliating against those sanctions by ordering the confiscation of
Speaker 1: Western assets. So it's definitely sorry to follow.
Speaker 2: The stockmover's report from Bloomberg Radio. Check back with us
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