The Traderszone Network

Published in TZ Latest News 13 June, 2015 by The TZ Newswire Staff

Henkel CEO downplays Wella takeover speculation: paper

The chief executive of Henkel & Co KGaA AG (HNKG_p.DE) poured cold water on speculation the consumer goods maker was preparing to buy hair care firm Wella from Procter & Gamble Co (PG.N), saying his company didn’t need big acquisitions to grow. “We don’t absolutely have to have big, multi-billion-euro acquisitions to reach our financial goals,” Henkel CEO Kasper Rorsted told German newspaper Welt am Sonntag in a version of the interview set to appear on Sunday.

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