June 19, 2024 14:17 GMT
Sartorius (SRTGR: BBB): Equity Weakness
HEALTHCARE
Equity dropping hard - 10% down
They are speaking at a Citi conference today and JPMorgan tomorrow
A spokesman said "“however there was no new messaging issued from our side” - bbg
It is worth highlighting that Sartorius were sitting on EUR 1.7bn of treasury shares as per their Capital Markets Day (16th May) which may well be sold at some stage to raise finance. This wouldn't be a credit negative event but equity would likely be weaker were the shares to be sold.
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