BERLIN/FRANKFURT, May 13 (Reuters) - The following are some of the factors that may move German stocks on Monday:
China’s BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive, three sources told Reuters.
Additionally, news conference on sustainability strategy due.
Management and labour leaders at Germany’s Thyssenkrupp have agreed on a way forward after the industrial conglomerate announced a fresh restructuring drive that could lead to the loss of 6,000 jobs.
Thyssenkrupp will continue to seek partners for its steel operations after abandoning a European merger with India’s Tata Steel, Chief Executive Guido Kerkhoff told Handelsblatt.
Bayer said it was hiring an external law firm to investigate French media complaints that Monsanto, the U.S. seed maker it took over last year, had compiled a file of influential personalities.
The future of BMW CEO Harald Krueger will not be clarified at this week’s annual general meeting but in June, a year before his contract expires, the Frankfurter Allgemeine Sonntagszeitung reported.
Q1 results due. Adj EBITDA seen at 1.64 billion euros. Poll:
April traffic figures due
The group has approached potential suitors about the sale of its blood transfusion business, two people with knowledge of the matter said.
A U.S. judge sharply questioned the Securities and Exchange Commission on the timing of its civil suit filed in March accusing Volkswagen of defrauding investors and demanded the agency explain its rationale.
The fashion group hopes to expand its margins by 2022 by expanding its retail presence, closing U.S. factory outlets, curbing discounts and narrowing its product range, CFO Yves Mueller told Boersen-Zeitung.
Q1 results due
DUERR - 1.00 euros/shr dividend
DRAEGERWERK - 0.13 eur/shr dividend
Dow Jones +0.4 pct, S&P 500 +0.4 pct, Nasdaq +0.1 pct at close.
Nikkei -0.6 pct, Shanghai stocks -1 pct.
Time: 4:29 GMT.
* No major German economic data scheduled
REUTERS TOP NEWS (Reporting by Berlin Speed Desk and Frankfurt Newsroom)