Ackermans & Van Haaren : More than € 1bn of cash potentially available for M&A
>Ukraine conflict related update: TP down 7% - On the back of the Ukraine conflict and its negative effects on the economy in general and on equity markets specifically, we today lower our Ackermans & van Haaren (AvH) underlying earnings expectations by 7-9% and our 12m target price by 7% to € 190, down from € 204. In our view, most of AvH’s subsidiaries are more resilient than their peers, and as such we would not be surprised if the holding and its subsidiaries were...Ackermans & Van Haaren is an investment company. Co. operates in five sectors: Marine Engineering & Infrastructure, which includes DEME NV, a dredging and marine company; Private Banking, which includes BDM NV - Continentale Verzekeringen NV (ASCO NV), which focuses on marine and industrial insurance via brokers; Real Estate, Leisure & Senior Care, which includes Extensa Group NV, a real estate developer; Energy & Resources, which includes Telemond Group, a supplier to the crane and automotive industry; and Development Capital, which is engaged in ICT and engineering, retail and distribution, real estate development, and media and printing.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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