Beiersdorf has EUR 8.6bn for acquisitions
Beiersdorf, the listed German personal care producer, is well equipped for acquisitions, Lebensmittel Zeitung reported.
The German weekly said the company has resources of EUR 8.6bn for acquisitions, including cash, shares and a possible capital raise. The article quoted Beiersdorf Chief Financial Officer Ulrich Schmidt as stating he expects attractive companies to be expensive when they become available.
Lebensmittel Zeitung