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Institutions hold the key to AAH
- Article from:
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The Independent - London
- Article date:
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April 19, 1995
- Author:
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Copyright informationCopyright 1995 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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AAH is a classic example of a conglomerate gone wrong. It
entered the Nineties with a rag-bag of businesses ranging from
building supplies to transport services, having finally exited from
the last vestiges of its original solid fuel supplies operations.
More by a process of attrition than good management,
pharmaceutical wholesaling and the chemists chain have emerged as
the main money-spinners over the past five years. But even that has
not been very successful, as the share price testifies. From a high
of 597p in January 1993, the shares touched a low of 286p in
February, just before GEHE, the German group, took its first
pounds 377m tilt at the company.
GEHE has had a field day. As it ...
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aah
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