Hendrik Leber

From the outside the whole process looks chaotic. Every American must doubt the sanity of the European decision-making processes, strict rules are broken. The biggest sinner gets the biggest attention. A multitude of voices.

The future of Siemens and BASF are hardly influenced by the Greek... by Hendrik Leber

The future of Siemens and BASF are hardly influenced by the Greek drama.

Certainly the cash is burning holes into the pockets and physical investment opportunities in plants and equipment are limited, all this means that the purchase of your own shares or of your competitors' shares make a lot of sense.

Industry consolidation in Europe has still a long way to go, the activity level at the moment is high but far away from the peak, meaning that deal premiums as well as M&A activity will grow in the next couple of years.