{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/BEZ",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# BERENTZEN-GRP.AG (Xetra: BEZ) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is BERENTZEN-GRP.AG, listed on Xetra under ticker BEZ, ISIN DE0005201602, LEI 529900M158OU8D7KIY26. Its security type is Corporate and its segment is DEUTSCHLAND. Its sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Its jurisdiction is Germany (Handelsregister HRB). Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 6 filings in the window 2025-11-06 to 2026-11-06, across 4 filing days. Of these, 5 are corporate_news and 1 is major_holder. The median gap between filing days is 11 days. The latest filing is dated 2026-11-03 and is of type corporate_news, 3 days before the record date of 2026-11-06. The Xetra peer group holds 419 issuers, with a median of 6 filings, a median cadence gap of 22.8 days and a median latency of 5.5 days. The sector peer median is not on the record for the DE market.\n\n## Auditor\n\nThe auditor of record is not on the record. The record carries the annual report link only, which is a source link and not a read. The auditor's location is not on the record, and auditor changes are not on the record, as this register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag shows listed, not halted.\n\n## Orderability\n\nFor Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, the outcome is determinable and the signal code is ACM-200 in each case. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with the chapter as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the issuer's investor-relations page. The count is 0.\n\n## Open research\n\nThree openly published research notes are on the record: ODDO BHF dated 2023-06-05, Montega dated 2023-06-02, and First Berlin Equity Research dated 2019-08-22.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began date is not on the record.\n\n## Sources\n\n10 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/529900M158OU8D7KIY26 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/BEZ (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.berentzen-gruppe.de/fileadmin/media/4_0_investoren/4_2-aktie/05.06.2023_Initial_Oddo.pdf (open research)\n- https://www.berentzen-gruppe.de/fileadmin/media/4_0_investoren/4_2-aktie/BEZ_Studie_06_02_2023_en.pdf (open research)\n- https://www.berentzen-gruppe.de/fileadmin/media/4_0_investoren/4_2-aktie/FMR_BEZ_Initital_22082019_english.pdf (open research)\n- https://mcp.de-cm-kg.ai/record/XETRA/BEZ (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "DE",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/BEZ",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "corporate_news": 5,
    "major_holder": 1
   },
   "cadence_median_gap_days": 11,
   "filing_days": 4,
   "filings": 6,
   "latency_days": 3,
   "latest": [
    {
     "category": "corporate",
     "date": "2026-11-03",
     "source": "https://www.eqs-news.com/news/corporate/sazeracs-intended-acquisition-of-the-berentzen-group-executive-board-and-supervisory-board-recommend-accepting-the-offer/4a929a30-1000-41df-bbae-b5b0e79f0a82_en",
     "title": "Sazerac's intended acquisition of the Berentzen Group –  Executive Board and Supervisory Board recommend accepting the offer | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "corporate-news",
     "date": "2026-11-03",
     "source": "https://www.eqs-news.com/news/corporate-news/geplante-uebernahme-der-berentzen-gruppe-durch-sazerac-vorstand-und-aufsichtsrat-empfehlen-die-annahme-des-angebots/4a929a30-1000-41df-bbae-b5b0e79f0a82_de",
     "title": "Geplante Übernahme der Berentzen-Gruppe durch Sazerac – Vorstand und Aufsichtsrat empfehlen die Annahme des Angebots | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2026-10-23",
     "source": "https://www.eqs-news.com/news/corporate/acceptance-period-of-sazeracs-voluntary-public-takeover-offer-for-berentzen-gruppe-aktiengesellschaft-commences/9d22b605-da0e-4b3b-bc0a-982f8608e674_en",
     "title": "Acceptance period of Sazerac’s voluntary public takeover offer for Berentzen-Gruppe Aktiengesellschaft commences | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "corporate-news",
     "date": "2026-10-23",
     "source": "https://www.eqs-news.com/news/corporate-news/annahmefrist-fuer-das-freiwillige-oeffentliche-uebernahmeangebot-von-sazerac-fuer-die-berentzen-gruppe-aktiengesellschaft-beginnt/9d22b605-da0e-4b3b-bc0a-982f8608e674_de",
     "title": "Annahmefrist für das freiwillige öffentliche Übernahmeangebot von Sazerac für die Berentzen-Gruppe Aktiengesellschaft beginnt | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "voting-rights",
     "date": "2026-10-21",
     "source": "https://www.eqs-news.com/news/voting-rights/thomas-bimmerle/1b2ccebc-37d6-4497-9e02-20bee8f078c6_en",
     "title": "Thomas Bimmerle - Berentzen-Gruppe AG",
     "type": "major_holder"
    }
   ],
   "latest_filing_date": "2026-11-03",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/BEZ",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
   },
   "isin": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE0005201602"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/529900M158OU8D7KIY26",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE0005201602)",
    "state": "sourced",
    "value": "529900M158OU8D7KIY26"
   },
   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "BERENTZEN-GRP.AG"
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "DEUTSCHLAND"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "BEZ"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "DE",
  "node": "de-cm-kg",
  "numbers_hash": "sha256:1b68bf0296d479d6bedfdd264e030e57c2dac7f56f2bfb404323a8cccb9c4f87",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2023-06-05",
     "kind": "issuer-sponsored",
     "publisher": "ODDO BHF",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.berentzen-gruppe.de/fileadmin/media/4_0_investoren/4_2-aktie/05.06.2023_Initial_Oddo.pdf",
     "state": "sourced",
     "title": "Berentzen–Gruppe Aktiengesellschaft — Equity report: Initiating coverage"
    },
    {
     "date": "2023-06-02",
     "kind": "issuer-sponsored",
     "publisher": "Montega",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.berentzen-gruppe.de/fileadmin/media/4_0_investoren/4_2-aktie/BEZ_Studie_06_02_2023_en.pdf",
     "state": "sourced",
     "title": "Sustainable percentages for the portfolio"
    },
    {
     "date": "2019-08-22",
     "kind": "issuer-sponsored",
     "publisher": "First Berlin Equity Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.berentzen-gruppe.de/fileadmin/media/4_0_investoren/4_2-aktie/FMR_BEZ_Initital_22082019_english.pdf",
     "state": "sourced",
     "title": "Berentzen Group AG BUY"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Professionelle Kunden",
    "Privatkunden",
    "Geeignete Gegenparteien"
   ],
   "outcomes": {
    "Geeignete Gegenparteien": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.de-cm-kg.ai/record/XETRA/BEZ",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:1b68bf0296d479d6bedfdd264e030e57c2dac7f56f2bfb404323a8cccb9c4f87",
 "path": "/de/XETRA/BEZ",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is BERENTZEN-GRP.AG, listed on Xetra under ticker BEZ, ISIN DE0005201602, LEI 529900M158OU8D7KIY26. Its security type is Corporate and its segment is DEUTSCHLAND. Its sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Its jurisdiction is Germany (Handelsregister HRB). Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 6 filings in the window 2025-11-06 to 2026-11-06, across 4 filing days. Of these, 5 are corporate_news and 1 is major_holder. The median gap between filing days is 11 days. The latest filing is dated 2026-11-03 and is of type corporate_news, 3 days before the record date of 2026-11-06. The Xetra peer group holds 419 issuers, with a median of 6 filings, a median cadence gap of 22.8 days and a median latency of 5.5 days. The sector peer median is not on the record for the DE market.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record. The record carries the annual report link only, which is a source link and not a read. The auditor's location is not on the record, and auditor changes are not on the record, as this register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, the outcome is determinable and the signal code is ACM-200 in each case. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with the chapter as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's investor-relations page. The count is 0.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "Three openly published research notes are on the record: ODDO BHF dated 2023-06-05, Montega dated 2023-06-02, and First Berlin Equity Research dated 2019-08-22.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began date is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "10 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/529900M158OU8D7KIY26"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/BEZ"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "open research",
   "source": "https://www.berentzen-gruppe.de/fileadmin/media/4_0_investoren/4_2-aktie/05.06.2023_Initial_Oddo.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.berentzen-gruppe.de/fileadmin/media/4_0_investoren/4_2-aktie/BEZ_Studie_06_02_2023_en.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.berentzen-gruppe.de/fileadmin/media/4_0_investoren/4_2-aktie/FMR_BEZ_Initital_22082019_english.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/BEZ"
  }
 ],
 "title": "BERENTZEN-GRP.AG (BEZ) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}