LAIQON AG Acquires €2.5bn in Assets, Target Price Increased

LAIQON AG has announced the acquisition of up to €2.5 billion in assets under management (AuM) from MainFirst Affiliated Fund Managers in Germany. This strategic move aims to enhance profitability in its Asset Management segment. The acquisition is projected to boost annual revenue by approximately €14 million, significantly impacting the company's scale and efficiency.

The transaction, financed through acquired asset cash flows and a €10 million bond, will not dilute shares. Analyst Christian Orquera of First Berlin Equity Research has reiterated a 'Buy' rating, increasing the target price from €9.00 to €10.60.

This acquisition is expected to strengthen LAIQON's investment capabilities, broaden its European reach, and position it as a competitive asset manager. The strategic step aligns with the company’s goals of increasing size and profitability.