The speculation of merger discussions between German press manufacturers Heidelberg and manroland, first revealed by a German financial newsletter Platow Brief on Friday, July 24, created a positive bounce to Heidelberg’s stock price following gradual declines since early May.
A report from Bloomberg cites the newsletter as identifying Allianz SE, a major German insurance company with financial holdings in both companies (a 12 percent stake in Heidelberg and 65 percent of manroland) as the catalyst driving the merger talks.
Neither company has provided a comment on the merger rumour.
