Henkel has EUR 4.5bn M&A war chest; targets too expensive
Henkel, the listed German consumer goods group, could spend EUR 4.5bn on acquisitions without endangering its rating, Sueddeutsche Zeitung reported. The German newspaper quoted Carsten Knobel, chief financial officer of Henkel. However, Knobel stated that suitable acquisition targets are currently too expensive, the report added. He was not willing to reveal whether Henkel is hoping to acquire for its adhesives, detergents, or cosmetics divisions, it concluded.
Source Sueddeutsche Zeitung