Diebold to Buy Germany-based Wincor, Christian Dior Profit Surges

Nigel Thomas
19 Oct, 2015
New York City

Wincor Nixdorf agreed to be acquired by the U.S.-based Diebold for about

[R]4:00 PM Frankfurt – Wincor Nixdorf agreed to be acquired by the U.S.-based Diebold for about €1.7 billion. Audi plans to invest $117.6 million in its Hungarian unit. Christian Dior revenues and profit surged. ITV agreed to acquire Ireland-based UTV. Oyj sell 55% stake in China-based unit.[/R]

In London trading, FTSE 100 index slipped 32.31 or 0.5% to 6,345.65 and in Frankfurt the DAX index gained 61.39 or 0.6% to 10,165.08.

In Paris, CAC 40 index slid 3.07 to 4,699.72.

Audi AG gained 1.1% to €668 after the Hungarian foreign minister said Germany-based carmaker plans to invest 32 billion forints or $117.63 million in its manufacturing unit in the Western Hungarian city of Gyor.

Boiron SA declined 7.6% to €76.23 after the France-based pharmaceutical company said revenues in the third-quarter ending in September to dropped 2.4% from a year ago to €168 million.

The company estimated that the operating income for the year may less than the fiscal 2014.

Christian Dior SA fell 0.2% to €169.25 after the France-based luxury consumer goods producer reported revenues in the year ending in June soared 14% from a year ago to €35.08 billion.

Net profit in the year surged 58% from a year ago to €6.17 billion compared to €3.89 billion.

The company said its recorded net revenues in the first-quarter ending in September jumped 16% to €9 billion from a year ago period.

ITV Plc slipped 0.3% to 248.20 pence after the U.K.-based free-to-air commercial broadcaster agreed to acquire the TV business of Northern Irish network partner UTV Ltd for £100 million or $154 million in cash from UTV Media Plc.

UTV Media Plc stock soared 5.8% to 183.48 pence.

Outokumpu Oyj soared 15.2% €3.35 after the Finland-based stainless steel maker agreed to sell 55% stake in its China-based Shanghai Krupp Stainless unit for €370 million or $420.5 million

The company will use proceeds to reduce the debt.

Wincor Nixdorf AG surged 17.1% to €45.56 after the Germany-based electronic systems maker agreed to be acquired by the U.S.-based automated teller machine maker Diebold Inc for €52.50 per share.

The transaction valued the company at about €1.7 billion or $1.9 billion in cash and stock, 35% premium to the closing price of October 16.

Diebold Inc stock in trading on the NYSE jumped 6.9% to $35.89.