Mutares share rides a roller coaster today: takeover announced

In early trading on Monday, the Mutares share price fluctuated dramatically. After the share price had climbed to EUR 15.46 at the start of trading, the Scale-listed stock then fell to EUR 14.22 – only to then recover significantly and is currently at the EUR 15 mark Minus of only 2.85 percent on Friday. In terms of charts, the area around the 50-day line at currently EUR 14.08 gave the high-dividend Mutares share stability. Nearby there are also strong technical chart support marks for the share of the Munich investment group between 13.64 / 13.70 euros and 13.90 / 13.98 euros.

On Monday he announced another imminent takeover – and again they want to buy in France. “Belron has entered into exclusive negotiations with Mutares and HomeServe France to prepare the sale of the Carglass Maison Group (CGM) on the basis of a firm and binding offer that follows a broad competitive process,” announced Mutares on Monday morning. Belron is the parent company of the Carglass Maison Group. The company expects the deal to be concluded in the first quarter of next year.

CGM offers repairs and services for emergency damage in private households. “With around 300 technicians and an important network of more than 1,200 subcontractors, CGM can fall back on a wide range of internal and external specialists in order to be able to make multi-service offers promptly,” says Mutares. CGM’s activities also include a subscription system. In 2019, the company turned over 42.5 million euros.

Mutares did not give financial details of the planned takeover on Monday.

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