The Traderszone Network

Published in TZ Latest News 4 July, 2014 by The TZ Newswire Staff

Henkel may splash out on further acquisitions – CFO in paper

German consumer goods group Henkel may make further acquisitions to bolster its portfolio of detergents and hair care products after announcing two deals earlier this month, its finance chief was quoted saying. “We do not rule out larger takeovers in that area,” Carsten Knobel told German weekly Euro am Sonntag. Henkel recently struck deals to buy French household cleaner maker Spotless and three U.S. hair care brands, dipping into a 4 billion euro ($5.5 billion) war chest it had been building over several quarters.

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