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Software giant SAP becomes Europe’s most valuable firm amid German stock market boom

  • SAP has overtaken Novo Nordisk to become Europe’s most valuable listed company with a market cap of €313 billion, following a 1.6% rise in shares on Monday.
  • SAP's stock has risen more than 40% in the past year amid increased demand for its AI-driven enterprise resource planning software.
  • Novo Nordisk's shares have dropped significantly due to disappointing trial results for its experimental drug CagriSema, which showed lower-than-expected weight loss results.
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Software maker SAP unseats Novo Nordisk as Europe's largest company

German software company SAP overtook Danish healthcare company Novo Nordisk as Europe's largest company by market capitalisation on Monday.

·United Kingdom
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Bloomberg broke the news in United States on Monday, March 24, 2025.
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