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MarketScreener Homepage  >  Equities  >  Xetra  >  SGL Carbon SE    SGL   DE0007235301

SGL CARBON SE

(SGL)
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SGL Carbon Shares Lifted by Reported ChemChina Interest

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05/27/2016 | 06:15am EDT

BERLIN?Shares in Germany's SGL Carbon SE jumped 12% on Friday following a magazine report that China National Chemical Corp. is interested in acquiring the graphite electrode and carbon fiber maker.

ChemChina Chairman Ren Jianxin has held talks several times with SGL Carbon Chief Executive Juergen Koehler and its main shareholder Susanne Klatten, Germany's Manager Magazin reported, citing company sources.

SGL Carbon wants to spin off its carbon electrodes business, which supplies the steel sector where weak prices have been weighing on demand.

Government-owned ChemChina is interested in acquiring all of SGL Carbon but is open to other options, according to Manager Magazin.

An SGL Carbon spokesman said the company has provided potential investors with information about its graphite electrodes business but declined to provide names. He said the possible sale of the entire company was "pure speculation" and declined to comment further on it.

Ms. Klatten's investment vehicle, Skion, holds a 27% stake in SGL Carbon. German car maker BMW AG, which holds 18%, is supplied by the company with carbon fiber materials used in car production as a lightweight alternative to steel. Rival Volkswagen AG holds a 9.9% stake in SGL Carbon.

A ChemChina spokesman didn't immediately respond with a comment and Ms. Klatten couldn't immediately be reached.

William Boston, Brian Spegele and Matthias Goldschmidt contributed to this article.

Write to Friedrich Geiger at friedrich.geiger@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
BMW VZ 1.58% 48.94 Delayed Quote.-22.42%
SGL CARBON SE 10.98% 4.488 Delayed Quote.-33.65%
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Financials (EUR)
Sales 2019 1 064 M
EBIT 2019 62,0 M
Net income 2019 -12,0 M
Debt 2019 364 M
Yield 2019 -
P/E ratio 2019 -93,4x
P/E ratio 2020 17,8x
EV / Sales2019 0,86x
EV / Sales2020 0,83x
Capitalization 549 M
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Mean consensus HOLD
Number of Analysts 10
Average target price 5,28  €
Last Close Price 4,10  €
Spread / Highest target 182%
Spread / Average Target 28,9%
Spread / Lowest Target -26,8%
EPS Revisions
Managers
NameTitle
Jürgen Wolfgang Köhler Chief Executive Officer
Susanne Klatten Chairman-Supervisory Board
Michael Majerus Chief Financial Officer
Daniel J. Camus Member-Supervisory Board
Helmut Jodl Deputy Chairman-Supervisory Board
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