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CONSUMER CYCLICALS: Robert Bosch (RBOSGR NR/A/A): Whirlpool Impact

CONSUMER CYCLICALS

RBOSGR spreads 4-5 wider so far

  • This could be a meaningful acquisition for RBOSGR; FY23 EBIT was €4.5bn, this would be a €5bn+ equity ticket.
  • Note that the CEO has talked about acquisitions away from auto parts recently and mentioned partial IPOs which could help cushion this.

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