Additional European Equity News

Coloplast (COLOB DC) - Are to acquire Kerecis for up to USD 1.3bln and raises long-term growth expectations. (Newswires) 

Deutsche Boerse (DB1  GY) - Are to extend the offer period of the voluntary recommended public takeover to the shareholders of Simcorp as of 3 August 2023. (Newswires) 

Shell (SHEL LN) - Q2 Update Note: Post-tax impairments of up to USD 3bln are expected for Q2’23, primarily driven by a 1% increase in the discount rate used for impairment testing. (Shell)

Siemens Energy (ENR GY) - Board has reportedly formed a task force to look into Siemens Gamesa issues, via Reuters citing sources; will look at question of how issues at Gamesa were overlooked when remaining stake was acquired. Board backs CEOs, though this could reportedly change if investigation shows due diligence mistakes. (Reuters)

Ses Imagotag (SESL FP) - Gotham City Research: Find Co's executive management and board of directors suspect, as we have identified serious misconduct and conflicts of interest; We have identified numerous accounting irregularities across its 2022 annual report which seem to contradict SES Imagotag's claim that “Financial statements are not misstated.” (Gotham City)

Sulzer (SUN SW) - Raises Prelim H1 (CHF): 1.99bln (Prev. 1.73bln YY); Raises FY23 Net Orders +10-14% (Prev. 3-6%) (Newswires)

SimCorp (SIM DC) - Deutsche Boerse has extended the offer period, will now expire on August 3rd. (Newswires)

Sulzer (SU

Fuchs Petrolub (FPE FY) initiated with Overweight at Barclays

Just Eat Takeaway.com (JET LN) downgraded to Underperform from Neutral at BNP Paribas

Wienerberger (WIE GY) upgraded to Buy from Hold at Stifel Nicolaus

Zurich (ZURN SW) downgraded to Neutral from Buy at Citi

07 Jul 2023 - 07:30- Research Sheet- Source: Newsquawk