{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/MUX",
 "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# MUTARES KGAA  NA O.N. (Xetra: MUX) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is MUTARES KGAA NA O.N., listed on Xetra under ticker MUX, ISIN DE000A2NB650, LEI 391200NWMO6NLQFSCU64. Its security type is Corporate, its segment is SDAX, and its jurisdiction is Germany (Handelsregister HRB). Its sector is not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 19 filings in the twelve months to 2026-11-06, all of them corporate news, across 13 filing days. The median gap between filing days is 8.0 days. The latest filing is dated 2026-11-02, 4 days before the record date. The Xetra median across 419 issuers is 22.8 days between filing days, 6 filings, and 5.5 days of latency. The sector median is not on the record.\n\n## Auditor\n\nThe auditor is not on the record. The record carries the annual report link only, as a source link and not a read. Auditor location is not on the record, and auditor changes are not on the record.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, because no lifecycle type map exists for this register yet. The halt flag is listed, not halted.\n\n## Orderability\n\nThe signal is ACM-200 for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, and the outcome is determinable for each. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the issuer's investor-relations page, so the count is 0.\n\n## Open research\n\nThe record holds 3 openly published research notes: Pareto Securities dated 2025-05-28, Warburg Research dated 2024-06-04, and Hauck Aufhäuser Investment Banking dated 2023-02-17.\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 sealed years hold the issuer, 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/391200NWMO6NLQFSCU64 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/MUX (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://ir.mutares.com/wp-content/uploads/2025/06/Pareto-Research-28.05.2025.pdf (open research)\n- https://ir.mutares.com/wp-content/uploads/2024/06/Warburg-Research-04.06.2024.pdf (open research)\n- https://ir.mutares.com/wp-content/uploads/2023/02/Mutares-SE-Co_-KGaA_23-02-17_update.pdf (open research)\n- https://mcp.de-cm-kg.ai/record/XETRA/MUX (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/MUX",
  "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": 19
   },
   "cadence_median_gap_days": 8,
   "filing_days": 13,
   "filings": 19,
   "latency_days": 4,
   "latest": [
    {
     "category": "corporate",
     "date": "2026-11-02",
     "source": "https://www.eqs-news.com/news/corporate/mutares-portfolio-company-nord-gas-solutions-benefits-from-a-booming-market-2026-revenue-expected-to-exceed-eur-575m-with-record-order-backlog-of-eur-880m-strategic-exit-options-under-review/56a42196-8859-48b1-8c2b-36e02fe16127_en",
     "title": "Mutares portfolio company Nord Gas Solutions benefits from a booming market; 2026 revenue expected to exceed EUR 575m, with record order backlog of EUR 880m; strategic exit options under review. | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2026-11-02",
     "source": "https://www.eqs-news.com/news/corporate/mutares-portfolio-company-efacec-is-a-critical-enabler-of-the-global-electrification-supercycle-order-backlog-of-more-than-eur-1-0-billion-strategic-exit-options-under-review/abc301ac-7685-4ccd-84e0-34c05b84a7f1_en",
     "title": "Mutares portfolio company Efacec is a critical enabler of the global electrification supercycle; order backlog of more than EUR 1.0 billion; strategic exit options under review. | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2026-11-02",
     "source": "https://www.eqs-news.com/news/corporate/mutares-has-sold-srt-group-and-its-subsidiaries-to-quiver/8b1c262e-361c-429e-b4a2-801c7b3396fc_en",
     "title": "Mutares has sold SRT Group and its subsidiaries to Quiver | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "corporate-news",
     "date": "2026-11-02",
     "source": "https://www.eqs-news.com/news/corporate-news/mutares-portfoliounternehmen-efacec-ist-ein-massgeblicher-enabler-des-globalen-elektrifizierungs-superzyklus-auftragsbestand-von-mehr-als-eur-1-0-mrd-pruefung-strategischer-exit-optionen/abc301ac-7685-4ccd-84e0-34c05b84a7f1_de",
     "title": "Mutares-Portfoliounternehmen Efacec ist ein maßgeblicher Enabler des globalen Elektrifizierungs-Superzyklus; Auftragsbestand von mehr als EUR 1,0 Mrd.; Prüfung strategischer Exit-Optionen | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "corporate-news",
     "date": "2026-11-02",
     "source": "https://www.eqs-news.com/news/corporate-news/mutares-hat-die-srt-group-und-ihre-tochtergesellschaften-an-quiver-verkauft/8b1c262e-361c-429e-b4a2-801c7b3396fc_de",
     "title": "Mutares hat die SRT Group und ihre Tochtergesellschaften an Quiver verkauft | Corporate - EQS News",
     "type": "corporate_news"
    }
   ],
   "latest_filing_date": "2026-11-02",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/MUX",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
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    "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": "DE000A2NB650"
   },
   "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/391200NWMO6NLQFSCU64",
    "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 DE000A2NB650)",
    "state": "sourced",
    "value": "391200NWMO6NLQFSCU64"
   },
   "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": "MUTARES KGAA  NA O.N."
   },
   "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": "SDAX"
   },
   "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": "MUX"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
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    "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"
   }
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  "market": "DE",
  "node": "de-cm-kg",
  "numbers_hash": "sha256:d1f31f41b9aa5076552dde370e881ddf0cea3487d8f415dbaf20c870cccaf46b",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2025-05-28",
     "kind": "issuer-sponsored",
     "publisher": "Pareto Securities",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://ir.mutares.com/wp-content/uploads/2025/06/Pareto-Research-28.05.2025.pdf",
     "state": "sourced",
     "title": "Mutares"
    },
    {
     "date": "2024-06-04",
     "kind": "issuer-sponsored",
     "publisher": "Warburg Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://ir.mutares.com/wp-content/uploads/2024/06/Warburg-Research-04.06.2024.pdf",
     "state": "sourced",
     "title": "Mutares SE & Co. KGaA"
    },
    {
     "date": "2023-02-17",
     "kind": "issuer-sponsored",
     "publisher": "Hauck Aufhäuser Investment Banking",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://ir.mutares.com/wp-content/uploads/2023/02/Mutares-SE-Co_-KGaA_23-02-17_update.pdf",
     "state": "sourced",
     "title": "Mutares SE & Co. KGaA"
    }
   ],
   "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/MUX",
   "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:d1f31f41b9aa5076552dde370e881ddf0cea3487d8f415dbaf20c870cccaf46b",
 "path": "/de/XETRA/MUX",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is MUTARES KGAA NA O.N., listed on Xetra under ticker MUX, ISIN DE000A2NB650, LEI 391200NWMO6NLQFSCU64. Its security type is Corporate, its segment is SDAX, and its jurisdiction is Germany (Handelsregister HRB). Its sector is not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 19 filings in the twelve months to 2026-11-06, all of them corporate news, across 13 filing days. The median gap between filing days is 8.0 days. The latest filing is dated 2026-11-02, 4 days before the record date. The Xetra median across 419 issuers is 22.8 days between filing days, 6 filings, and 5.5 days of latency. The sector median is not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor is not on the record. The record carries the annual report link only, as a source link and not a read. Auditor location is not on the record, and auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, because no lifecycle type map exists for this register yet. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The signal is ACM-200 for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, and the outcome is determinable for each. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's investor-relations page, so the count is 0.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 3 openly published research notes: Pareto Securities dated 2025-05-28, Warburg Research dated 2024-06-04, and Hauck Aufhäuser Investment Banking dated 2023-02-17.",
   "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 sealed years hold the issuer, 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/391200NWMO6NLQFSCU64"
  },
  {
   "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/MUX"
  },
  {
   "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://ir.mutares.com/wp-content/uploads/2025/06/Pareto-Research-28.05.2025.pdf"
  },
  {
   "for": "open research",
   "source": "https://ir.mutares.com/wp-content/uploads/2024/06/Warburg-Research-04.06.2024.pdf"
  },
  {
   "for": "open research",
   "source": "https://ir.mutares.com/wp-content/uploads/2023/02/Mutares-SE-Co_-KGaA_23-02-17_update.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/MUX"
  }
 ],
 "title": "MUTARES KGAA  NA O.N. (MUX) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}