01 Jul 2026

(Sponsored) Whitestone Group - Largest-Ever Investment in M?der group

- Maxime Lejeune
- 6 pages

Whitestone acquired 44% of Mäder for EUR 23.6m, a leading technical paints/coatings, its largest investment ever.Positive for Whitestone: strengthens its industrial portfolio, deploys 44% of capital raised, and supports future NAV growth.We reiterate our ‘Buy' rating and keep TP ‘Under Review' while updating our model for impact of this acquisition.More details in our Note published this morning.

Sign up to access

Get access to our full offering from over 100 providers

(Sponsored) Whitestone Group - Largest-Ever Investment in M?der group

WHITESTONE GROUP (ROCK:BRU) | 0 0 0.0%

Published: 01 Jul 2026
Author: Maxime Lejeune
Pages: 6

Whitestone acquired 44% of Mäder for EUR 23.6m, a leading technical paints/coatings, its largest investment ever.Positive for Whitestone: strengthens its industrial portfolio, deploys 44% of capital raised, and supports future NAV growth.We reiterate our ‘Buy' rating and keep TP ‘Under Review' while updating our model for impact of this acquisition.More details in our Note published this morning.