Get 40% Off
🎁 Free Gift Friday: Copy Legendary Investors' Portfolios in One ClickCopy for Free

GfK's majority owner eyes merger or sale - WirtschaftsWoche

Published 25/08/2016, 07:26
© Reuters.  GfK's majority owner eyes merger or sale - WirtschaftsWoche

FRANKFURT (Reuters) - The majority owner of Germany's GfK (DE:GFKG) is looking at strategic options for the market research firm, including a merger or sale, German weekly magazine WirtschaftsWoche reported on Thursday, citing no sources.

GfK Verein, which owns 56.5 percent of shares in GfK, had no immediate comment, while GfK itself was not available for comment.

WirtschaftsWoche said U.S. rivals Nielsen Holdings (N:NLSN) and IMS Health (N:IMS) as well as WPP (L:WPP) unit Kantar were interested in GfK. All three companies were not immediately available for comment.

GfK has a market value of about 1 billion euros (£852.45 million). Its stock has slumped by more than 20 percent since its chief executive and chairman earlier this month unexpectedly announced their resignations, having fallen out with GfK Verein.

Shares in GfK were up 7.3 percent in pre-market trade at brokerage Lang & Schwarz on the WirtschaftsWoche report.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.