:)
und nebenbei den Artikel von Burkhard Ley in Finance analysiert. Und darauf hingewiesen, dass die BaFin mit ihrer Aussage im Einklang ist mit dem Disclaimer von Zatarra.
Is aber egal, wer eine Information wo bringt - Hauptsache, sie ist korrekt.
Jetzt kümmere ich mich um die unterschiedlichen Aussagen zu einer Investition in Nordamerika. Kann sein, dass ich in dem 3 1/2h-Teil was überhört habe. Meine Aussage von der 10%-Marktkap-Investition in GI.Retail-Größenordnung stammt (glaube ich) von der Bilanzkonferenz. Da war aber das Transkript so unhandlich, mal sehen, ob ich das finden kann.
"Gerardus Vos
Okay, thanks. And on the U.S. and now on the churn? Thanks.
Burkhard Ley
U.S., let me say, to give you a transparency, were very much still focusing on the U.S. We I wouldnt rule out but were also currently in negotiations and have been for a longer time in negotiation also on the M&A side couldnt so I cannot confirm today that this are already, lets say, so far reaching advanced negotiation, so that we have to disclose that. But I definitely can say that in the next 12 to 16 months, we are expecting here a strong move.
I can also say that we had already we have already implemented at first step. We have a very small operative starter company now in the U.S. and we definitely see the U.S. as the last remaining market, where we have to get a stronger footprint. And so its definitely the goal to close this gap in the next 12 to 16 months, and already today, we have a very strong multinational merchant basis, where were definitely anticipating also low-hanging fruits as far as we have there good operations and either by a strong organic move, or a strong M&A move, we will again definitely close this gap in the next 12 months.
Markus Braun
12 to 16 months.
Burkhard Ley
12 to 16 months, yes."
(BPK-Transkript)
Gianmarco Bonacina
...
Then a question about the acquisition policy. If you can confirm that even if you do a big acquisition like in the case maybe you want to enter the U.S., that in any case, the acquisition would be, lets say roughly speaking, less than 10% of your size, so like, for example, India was a big acquisition, but is less than 10% of your size?
...
Markus Braun
To acquisitions in U.S. also very absolutely right, we see always stick to our guidance that we are focusing on acquisitions that have a maximum size of 10% of our own market value. And I would also add we also speak to the guidance that we pay rather conservative multiples. So also for the U.S., do not expect that we go into some, lets say, crazy silicon valley multiple that this will not be our goal. We are definitely looking to an asset here where we have huge advantages and strategies and where we have from the first day on advantages that were also bringing in additional value chain elements to the market. But it could definitely be that you have transaction, if it happens, would be more in the size of India to give your first insight."
Das war die Quelle für meine Aussage "im Rahmen von bis zu 600 Mio"
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