Mate anyone can set up an office - it just takes a little bit more admin burn. Depends on the purpose obviously as to whether it is good news or wasteful. Lately they've set up in Japan, the US and now Germany - all big economies agreed - and yet Dyesol has no known business in any of them.
So what is in Bavaria? Well Merck the electrolyte specialist is not - it is hq'ed elsewhere in Germany, in Hesse (?).
These are the major companies operating in Bavaria according to Wikipedia:
"The motorcycle and automobile makers BMW (Bayerische Motoren-Werke, or Bavarian Motor Works) and Audi, Allianz, Grundig (consumer electronics), Siemens (electricity, telephones, informatics, medical instruments), Continental (Automotive Tire and Electronics), Adidas, Puma, HypoVereinsbank (UniCredit Group), Infineon and Krauss-Maffei Wegmann have (or had) a Bavarian industrial base.
The iconic, opening scenes of the 1965 Rodgers and Hammerstein film musical The Sound of Music were shot in the Bavarian Alps."
Unless Dickie and Gavin want to make like Maria and go running through the Alps there I'd guess they want a base in Bavaria so they can cozy up to the likes of BMW or Audi or even Siemens (???). Doesn't hurt to fantasize (as long as it doesn't cost money). :)
GSL Price at posting:
87.0¢ Sentiment: Hold Disclosure: Held
