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Article: Report from Europe.
- Article from:
- Medical Device Daily
- Article date:
- October 1, 2002
CopyrightCOPYRIGHT 2002 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Report from Europe
Procter & Gamble may acquire 43.6% of Germanys Beiersdorf
By TOM CLARK
Medical Device Daily European Correspondent
Procter & Gamble (P&G, Cincinnati, Ohio) is said to be preparing an offer for the 43.6% stake held by Allianz (Frankfurt, Germany) in Beiersdorf (Hamburg, Germany), the owner of the Nivea and Hansaplast brands.
Tchibo Holdings (also Hamburg), a family holding company that also owns coffee shops across Germany, holds another 30% of shares. A possible alternative scenario is for Tchibo to acquire the Allianz shares although it already has signaled that it is unwilling to pay a strategic premium ...