Renk agrees to sell slide bearings unit to Miba and updates 2026 guidance
Renk Group signed a binding deal to sell its slide bearings business to Miba AG and updated FY2026 guidance on revenue and adjusted EBIT, Reuters reported.
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what happened
RENK Group AG has entered into a binding agreement to sell its slide bearings business to Miba AG. According to Reuters, the deal value is in the low to mid three-digit million euro range. At the same time, the company updated its fiscal 2026 guidance, expecting revenue of about EUR 1.4 billion and adjusted EBIT of EUR 240 to 255 million.
why it matters
The sale removes a unit from Renk's portfolio, so investors will watch how the remaining business is valued. The updated guidance gives a clearer view of expected revenue and adjusted operating profit for 2026. A deal of this size is modest for the broader market, so its effect is mainly on the company's shares.
market impact
RENK shares: divestment and updated guidance reset expectations for revenue and profit
tags
instruments
sources
- Renk Group Enters Into Binding Agreement For The Sale Of Its Slide Bearings Business To Miba AG — Reuters, 21 October 2026 at 23:41 UTC
- GNW-Adhoc: Renk Group AG: RENK Enters Into Binding Agreement for the Sale of its Slide Bearings Business to Miba AG — TradingView, 21 October 2026 at 23:54 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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