Schindler

Schindler would examine possible acquisitions if competition authorities require divestments of the European business as part of Kone’s takeover of TK Elevator. A company spokeswoman stressed that offers would be evaluated based on strategic fit, value-creation potential and regulatory requirements, but that Schindler’s own strategy does not depend on the transaction. According to reports, Kone plans to sell the bulk of TK Elevator’s European operations to alleviate antitrust concerns over the roughly €29.4 billion acquisition. » More on finanzen.net

Schindler is appointing André Becker to the group executive board effective 1 January 2027 and will install him as chief human resources officer. Becker joins from Lidl and previously held leadership positions at BASF. As of 1 January 2027 the group executive board will comprise ten members, including Paolo Compagna (CEO) and Carla De Geyseleer (CFO and deputy CEO). » More on finanzen.net

Schindler shares lose around 2% and trade at about CHF 251, close to the 52-week low of CHF 238. Goldman Sachs downgraded the stock from "Neutral" to "Sell" and cut its price target from CHF 286 to CHF 233, citing weaker construction and new-installation figures in China, an uncertain interest-rate environment, and the competitive threat from the merger of KONE and TK Elevator. In addition, the postponement of the capital markets day to November 19 weighs on sentiment, as investors await strategic clarity. » More on de.investing.com