Sunday, June 14, 2015

Henkel CEO keeps a low profile to Wella – Great Deal not mandatory – Tiroler Tageszeitung Online

Dusseldorf (APA / Reuters) – Henkel CEO Kasper Rorsted has dampened speculation about a takeover of Wella shampoo manufacturer. In an interview with the newspaper “Welt am Sonntag” is wanted Rorsted not comment on whether the consumer products giant has an interest in Wella. He pointed out, however, that a major acquisition for the consumer goods company is not urgently required.

“In the past year we have spent 1.8 billion euros on acquisitions, and also 2015, we already have agreements for acquisitions in a closed more than 300 million euros order “, stated the manager. “So we do not necessarily large, multibillion dollar acquisitions to achieve our financial targets.”

Reuters had most recently experienced by more familiar with the process people that Henkel a binding offer for the US company Procter & ; Gamble belonging haircare Wella division had submitted to the five to seven billion dollars would be worth it. Also, the financial investor KKR had submitted a bid. However, Henkel is the likely buyer. Wella would be the company’s largest acquisition of its 140-year history

~ ISIN DE0006048432 WEB http://www.henkel.com ~ APA011 2015-06-14 / 02:. 13

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