Redeye: Catella - Strong Performance – Divestments of Kaktus and Jönköping Could Come Soon
Redeye thinks the Q2 report was good, especially from Investment Management. While management commentary was defensive regarding divestments of Principal Investments, Redeye thinks Catella is low-balling and prefers to overdeliver rather than the opposite - implying that both Kaktus and Jönköping could be divested during the fall. Redeye raises its estimates, mainly for Investment Management, resulting in a higher fair value range.
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