Bloomberg is reporting Heidelberger Druckmaschinen AG is in merger talks with manroland AG. Bloomberg cites a report in German financial paper Platow Brief. In comments to Bloomberg, Matthias Hartung, spokesman for Heidelberger Druck stated, “These are market rumors and we don’t comment on market rumors.” Manroland declined to comment.
Allianz, a German insurer, has a 65% stake in manroland and a 12% stake in Heidelberger Druck. Heidelberger Druck stock closed at 4.90 euros, a 5.8% increase, for its highest close in 6 weeks.