Groaktionr Exit: HENSOLDT Stock Plummets Following KKR Stock Sale | news

Shares in the arms group, which had benefited significantly from expected investments by the Bundeswehr at the end of February, fell 5.47 percent to €25.05 in XETRA at times. This puts at risk the 21-day line, which has shown great dynamism lately, which is currently at just under 25 euros. The daily minimum of €24.45 was already below that.

As the Bloomberg news agency reported on Friday, KKR is offering its remaining 8.8 million shares at a price of 24.50 euros through a consortium made up of Citigroup, Bank of America and Deutsche Bank. The day before, the closing price of XETRA was EUR 26.50. Since the proportion of freely tradable shares will increase to approximately half of the shares as a result of the transaction, a trader expects a positive influence on the liquidity and thus the tradability of the shares. He had recently been seen as a candidate to return to SDAX, and this expectation should now be strengthened again.

However, the Brsian was quite disappointed that HENSOLDT did not take over the actions of the financial investor himself. This would have made it possible to quickly give the other shareholders an advantage, according to the market participant.

HENSOLDT is the former radar division of Airbus, which KKR acquired in 2017. The US financial investor had taken the company public in September 2020, but has since been phased out. More recently, with an 8.3 per cent stake, it was only the third largest shareholder after the Federal Republic of Germany and the Italian arms group Leonardo, who had each acquired a good quarter of HENSOLDT from KKR. The remaining 8.3 percent of the shares correspond to the 8.8 million shares that are now for sale.

HENSOLDT’s share reached its all-time high of just over €30 just a few days ago. At the end of February, the price suddenly benefited from the German government’s announcement that it would invest €100 billion in its own defense following the Russian invasion of Ukraine. HENSOLDT, as a specialist in weapons-oriented sensor technology, is seen as a major beneficiary.



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