ROUNDUP: Schaeffler makes progress with Vitesco takeover

HERZOGENAURACH - The automotive and industrial supplier Schaeffler is making progress with the takeover of the drive specialist Vitesco. Both companies have agreed on a preliminary exchange ratio of 11.4 Schaeffler shares for each Vitesco share, Schaeffler announced on Monday in Herzogenaurach. The exchange ratio is crucial for investors who still hold Vitesco shares after Schaeffler's takeover offer expired in December.

ROUNDUP: SGL Carbon examines sale of carbon fiber business - share price rises

WIESBADEN - The carbon fiber specialist SGL Carbon is considering a divestment of its carbon fiber and composite materials business. Various options for the Carbon Fibers business unit are being examined, including a partial sale and a complete disposal, the company, which is listed in the second-line index SDax, announced in Wiesbaden on Friday evening. Following the restructuring and stabilization, SGL Carbon is preparing for the next growth step, said CEO Torsten Derr according to the press release. The share price rose by four percent on Monday morning.

Adidas sells more Yeezy leftovers

HERZOGENAURACH - The sporting goods manufacturer Adidas has announced the sale of further products from the "Yeezy" range, which stem from the collaboration with the controversial rapper Kanye West that ended in 2022. Adidas parted ways with West in 2022 after the musician and designer made several statements that were perceived as anti-Semitic, which meant considerable losses for the company. The sale of the remaining stock was unclear for a long time. Two tranches have now been sold and the next is to follow. Adidas has announced an end to the sales at the end of the year.

Ryanair boss expects ticket prices to rise in summer

DUBLIN - The head of the airline Ryanair, Michael O'Leary, expects ticket prices to rise again in the summer. He cited capacity bottlenecks as the reason for this, as the delivery of new Boeing aircraft is being delayed. Prices would again be higher in summer 2024 than in summer 2023, O'Leary told the British news agency PA in Dublin. Ryanair's average prices had risen by 17 percent in summer 2023 - but he does not expect this to happen now.

Tax exemption should also apply to postal competitors

BERLIN - Deutsche Post's competitors in letter delivery are not threatened with extinction by the postal law reform after all. Walther Otremba, Chairman of the Federal Association of Mail Services, told dpa on Sunday that the Federal Ministry of Finance had assured his association that universal postal services would also be tax-exempt for competitors. This is to take effect under certain conditions. The "Handelsblatt" had previously reported on this. Consultations on the reform are currently underway and the law is expected to be passed in the spring.

ROUNDUP/Network costs: Europe's mobile phone companies see US companies as having an obligation

BARCELONA - In the debate about the participation of American technology giants in the costs of the European Internet infrastructure, domestic telecommunications providers are not letting up. At the Mobile World Congress in Barcelona on Monday, Deutsche Telekom CEO Tim Hottges will be appearing alongside his counterparts from Vodafone (UK), Telefónica (Spain) and Orange (France). They are campaigning for different political framework conditions to strengthen Europe as a digital location. One aspect of their package of demands to politicians is likely to be to hold US companies accountable in future.


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ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.