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Triton's Gearbox Maker Renk Rises 17% in German Trading Debut.
In: Bloomberg.com, 2024-02-07, S. 1
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Zugriff:
Renk AG, an industrial machinery maker, saw its stock rise 17% on its first day of trading in Germany. The stock opened at €17.50 and reached a high of €18 before settling at €17.20. This IPO comes after Triton, Renk's private equity owner, raised €500 million in the share sale. Triton had previously attempted to list Renk but pulled the IPO last year due to market volatility. Triton acquired a 76% stake in Renk in 2020 from Volkswagen AG. Renk, known for its gearboxes and other products for the oil and gas industry, had a market value of €750 million at the time of the deal. [Extracted from the article]
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Triton's Gearbox Maker Renk Rises 17% in German Trading Debut.
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Autor/in / Beteiligte Person: | Gopinath, Swetha |
Zeitschrift: | Bloomberg.com, 2024-02-07, S. 1 |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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