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Ajax drops to green Damrak after Marc Overmars departure

The share of Ajax was significantly lower on the Amsterdam stock exchange on Monday. Investors processed the news that the successful director of football affairs Marc Overmars is leaving the listed football club with immediate effect. Overmars has sent cross-border messages to several female colleagues for a longer period of time.

Ajax dropped 3.5 percent. Overmars said he was confronted with his behavior last week, possibly after the news about abuses in the program The Voice of Holland and transgressive behavior and sexual violence in the media world. After talks with the supervisory board and general manager Edwin van der Sar, he decided to resign. Overmars has been director of football affairs since the summer of 2012 and recently extended his contract until mid-2026.

Investors also kept a close eye on tensions between Russia and Ukraine. The Ukrainian government said on Sunday that the chances of a diplomatic solution to the conflict are much greater than that of a possible Russian attack.

The AEX index on Beursplein 5 was 0.5 percent higher in morning trade at 751.11 points. The MidKap climbed 0.6 percent to 1069.17 points. The stock exchanges in Frankfurt, London and Paris gained up to 0.8 percent.

Steel group ArcelorMittal led the AEX with a plus of 1.7 percent. Chip machine maker ASML gained 1.4 percent after a positive analyst report from Citi. Lighting company Signify climbed 1 percent thanks to an increase in the price target by Berenberg. Payments company Adyen fell 0.3 percent after a repeat of the sell advice by Citi.

Unilever won 0.4 percent. The food group, which will release figures later this week, has recently been under great pressure from shareholders to improve its performance. Some large shareholders would insist on interventions, such as shifts within the board or a split of the company.

In the MidKap, OCI climbed more than 2 percent. The fertilizer producer said that Abu Dhabi investors ADQ and Alpha Dhabi have acquired a 15 percent stake in OCI Methanol Group. The investors pay about 328 million euros for the interest.

The euro was worth $1.1431 against $1.1448 on Friday. The price of a barrel of US oil fell 0.5 percent to $91.86 and Brent oil became a fraction more expensive at $93.27 a barrel.



Ajax drops to green Damrak after Marc Overmars departure
Source link Ajax drops to green Damrak after Marc Overmars departure

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