ROUNDUP: General Atlantic makes big investment in Atoss Software - share price slide

MUNICH - Human resources software specialist Atoss is getting a new major shareholder in the form of US financial investor General Atlantic. General Atlantic is buying around 20 percent of Atoss shares from AOB Invest, which is controlled by Atoss founder and CEO Andreas Obereder, Atoss Software announced in Munich on Thursday. The financial investor was also able to increase its stake somewhat. General Atlantic wants to support Atoss in its further internationalization and the expansion of its cloud business. However, the news was met with a slide in the share price on the stock exchange.

ROUNDUP 2: Siemens expands Asian business and reviews medium-term targets

MUNICH - Siemens is ramping up its global investments in factories and other facilities. Investments totaling 2 billion euros are to be announced this year, the company said Thursday. That's twice as much as in the previous two years combined, Group CEO Roland Busch said. However - as of Thursday - around 1.2 billion has already been announced. The remaining 800 million are to flow into the U.S. and Europe, but for what exactly Busch left open.

ROUNDUP: Hugo Boss even more optimistic about the future - share loses ground

METZINGEN - While things have been crunching in the fashion industry for months, Hugo Boss has shown itself to be unimpressed by inflation and consumer sluggishness. Instead, the group raised its medium-term targets on Thursday, saying its growth strategy is paying off faster than expected. Investors, however, initially cashed in on the news. The stock lost ground after having performed very well so far this year.

High demand for rail technology: Vossloh raises its annual outlook

WERDOHL-The rail and transport technology group Vossloh is becoming more optimistic for 2023 thanks to strong demand. According to a statement on Thursday, the company expects sales of between €1.125 billion and €1.2 billion for the current year, up from €1.05 billion a year earlier. Previously, Vossloh had held out the prospect of €1.05 billion to €1.15 billion. Earnings before interest and taxes in 2023 are now expected to come in at €87 million to €94 million (previously €79 million to €88 million), up from a good €78 million a year earlier. The share, which only returned to the small cap index SDax in May, recently rose by more than three percent.

ROUNDUP/EuGH on franc loans in Poland: Compensation by bank possible

LUXEMBOURG - In the dispute over loans in Swiss francs, the European Court of Justice (ECJ) has backed Polish bank customers. If a mortgage loan agreement is declared null and void due to unfair clauses, those affected may be able to claim compensation from the bank. This was decided by the ECJ on Thursday. The ruling could have a major impact on the Polish banking sector and the German Commerzbank.

Metro finance chief to leave at end of September

DÜSSELDORF - Wholesale group Metro will have to look for a new finance chief. Christian Baier is leaving as of Sept. 30, the group, which is listed on the small-cap index SDax, announced Thursday. The separation is taking place "by best mutual agreement." Baier has worked at Metro since 2011 and has been on the board since November 2016. He now wants to pursue other professional opportunities, it said. The company did not provide details on his successor.

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ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

/jha