Report
Maxime Kogge

Aldesa : Against all odds

Aldesa announced on 26 December that the Fernández family had struck an agreement with China Railway whereby the latter will acquire 75% of Aldesa against a € 250m capital injection. A potential deal was met with scepticism from most investors and us as we viewed Aldesa's size, focus on small private contracts and current weak momentum as too strong deterrents to a possible interest by the Chinese behemoth. Yet, the deal did occur because its small size prevented antitrust and po...
Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Maxime Kogge

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