Beiersdorf Dodges P&G: Tchibo Group Assumes Majority Stake
This article was originally published in The Rose Sheet
Executive Summary
A group of Hamburg, Germany investors led by Tchibo Group will purchase insurer Allianz' 40% stake in Beiersdorf, preserving German control of the Nivea marketer. Announced Oct. 23, the deal makes it less likely Procter & Gamble will make a bid for the firm